The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by First National Trust Co

First National Trust Co trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.5% during the fourth quarter, HoldingsChannel reports. The fund owned 14,247 shares of the insurance provider’s stock after selling 3,443 shares during the quarter. First National Trust Co’s holdings in Travelers Companies were worth $2,714,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TRV. Clearbridge Investments LLC boosted its stake in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Travelers Companies by 19,918.1% during the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after acquiring an additional 473,453 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Travelers Companies by 940.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock valued at $58,035,000 after acquiring an additional 321,198 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Travelers Companies by 57.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after acquiring an additional 229,071 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 56,635 shares of company stock valued at $12,057,727 in the last quarter. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research note on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Morgan Stanley raised their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Finally, HSBC raised their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $223.47.

Travelers Companies Price Performance

Travelers Companies stock traded down $0.52 during trading hours on Friday, hitting $213.85. 1,298,445 shares of the company traded hands, compared to its average volume of 1,525,222. The firm has a market cap of $48.97 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.12 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm’s 50-day simple moving average is $220.82 and its two-hundred day simple moving average is $200.14. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.11 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 31.20%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.