Intrust Bank NA Buys 168 Shares of Travelers Companies Inc (NYSE:TRV)

Intrust Bank NA increased its position in shares of Travelers Companies Inc (NYSE:TRV) by 9.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,007 shares of the insurance provider’s stock after acquiring an additional 168 shares during the period. Intrust Bank NA’s holdings in Travelers Companies were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Oregon Public Employees Retirement Fund lifted its stake in Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 3,495,996 shares during the last quarter. BlackRock Inc. lifted its stake in Travelers Companies by 7.3% in the 1st quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after purchasing an additional 1,528,327 shares during the last quarter. Norges Bank bought a new position in Travelers Companies in the 4th quarter valued at approximately $143,417,000. American Century Companies Inc. lifted its stake in Travelers Companies by 253.6% in the 4th quarter. American Century Companies Inc. now owns 1,082,948 shares of the insurance provider’s stock valued at $129,683,000 after purchasing an additional 776,679 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Travelers Companies by 41.6% in the 4th quarter. California Public Employees Retirement System now owns 1,461,036 shares of the insurance provider’s stock valued at $174,959,000 after purchasing an additional 429,086 shares during the last quarter. Institutional investors and hedge funds own 80.58% of the company’s stock.

Shares of TRV stock traded up $0.32 during trading hours on Friday, hitting $149.52. 2,319,991 shares of the company’s stock traded hands, compared to its average volume of 1,366,179. Travelers Companies Inc has a 12 month low of $111.08 and a 12 month high of $153.63. The firm has a 50 day moving average price of $148.22. The stock has a market cap of $38.85 billion, a PE ratio of 16.72, a PEG ratio of 1.34 and a beta of 0.99. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter last year, the firm earned $2.46 earnings per share. Travelers Companies’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts forecast that Travelers Companies Inc will post 11.2 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is currently 36.69%.

Several equities analysts recently commented on the stock. UBS Group increased their price objective on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Royal Bank of Canada set a $145.00 price objective on shares of Travelers Companies and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective for the company. in a research note on Wednesday, June 5th. Deutsche Bank downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective for the company. in a research note on Thursday. Finally, Barclays raised their price target on shares of Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $142.65.

In related news, Vice Chairman Jay S. Benet sold 60,979 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $137.46, for a total transaction of $8,382,173.34. Following the completion of the transaction, the insider now owns 146,845 shares of the company’s stock, valued at $20,185,313.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 9,500 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $140.79, for a total transaction of $1,337,505.00. Following the completion of the sale, the insider now owns 241,745 shares of the company’s stock, valued at $34,035,278.55. The disclosure for this sale can be found here. Insiders have sold 211,860 shares of company stock valued at $30,020,402 in the last three months. 0.73% of the stock is owned by insiders.

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.

See Also: Convertible Shares

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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