First National Bank of Omaha decreased its position in The Travelers Cos. (NYSE:TRV) by 6.1% during the third quarter, Holdings Channel reports. The institutional investor owned 70,275 shares of the company’s stock after selling 4,551 shares during the period. First National Bank of Omaha’s holdings in The Travelers Cos. were worth $8,050,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Global X Management Co. LLC increased its stake in The Travelers Cos. by 86.8% in the second quarter. Global X Management Co. LLC now owns 977 shares of the company’s stock worth $116,000 after buying an additional 454 shares in the last quarter. Mycio Wealth Partners LLC increased its stake in The Travelers Cos. by 2.4% in the second quarter. Mycio Wealth Partners LLC now owns 1,062 shares of the company’s stock worth $126,000 after buying an additional 25 shares in the last quarter. Ledyard National Bank increased its stake in The Travelers Cos. by 5.4% in the second quarter. Ledyard National Bank now owns 1,089 shares of the company’s stock worth $130,000 after buying an additional 56 shares in the last quarter. Krilogy Financial LLC increased its stake in The Travelers Cos. by 3.8% in the second quarter. Krilogy Financial LLC now owns 1,128 shares of the company’s stock worth $134,000 after buying an additional 41 shares in the last quarter. Finally, Valley National Advisers Inc. increased its stake in The Travelers Cos. by 53.4% in the second quarter. Valley National Advisers Inc. now owns 1,227 shares of the company’s stock worth $146,000 after buying an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.
The Travelers Cos. (NYSE:TRV) traded up 0.34% on Friday, hitting $113.45. The company had a trading volume of 686,329 shares. The Travelers Cos. has a 12-month low of $101.23 and a 12-month high of $119.32. The firm has a market capitalization of $32.23 billion, a PE ratio of 11.51 and a beta of 1.03. The firm has a 50-day moving average price of $110.76 and a 200-day moving average price of $114.33.
The Travelers Cos. (NYSE:TRV) last released its quarterly earnings data on Thursday, October 20th. The company reported $2.40 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.13. The business had revenue of $6.96 billion for the quarter, compared to analyst estimates of $6.37 billion. The Travelers Cos. had a return on equity of 12.11% and a net margin of 10.84%. The Travelers Cos.’s revenue was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $2.93 earnings per share. On average, equities research analysts anticipate that The Travelers Cos. will post $9.51 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 9th will be paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, December 7th. The Travelers Cos.’s dividend payout ratio (DPR) is presently 27.29%.
Several brokerages have recently commented on TRV. Credit Suisse Group AG set a $111.00 target price on shares of The Travelers Cos. and gave the company a “hold” rating in a research note on Monday, September 12th. William Blair downgraded shares of The Travelers Cos. from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 17th. Citigroup Inc. boosted their target price on shares of The Travelers Cos. from $117.00 to $123.00 and gave the company a “neutral” rating in a research note on Tuesday, October 11th. Zacks Investment Research upgraded shares of The Travelers Cos. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. Finally, Barclays PLC restated an “equal weight” rating and issued a $109.00 target price (up previously from $105.00) on shares of The Travelers Cos. in a research note on Saturday, October 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $117.64.
In other news, Director Philip T. Ruegger III purchased 2,000 shares of the business’s stock in a transaction dated Wednesday, November 9th. The shares were purchased at an average cost of $107.19 per share, with a total value of $214,380.00. Following the completion of the purchase, the director now owns 22,443 shares of the company’s stock, valued at approximately $2,405,665.17. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,808 shares of The Travelers Cos. stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $118.31, for a total value of $687,144.48. Following the sale, the insider now directly owns 71,287 shares in the company, valued at $8,433,964.97. The disclosure for this sale can be found here. 1.34% of the stock is owned by corporate insiders.
The Travelers Cos. Company Profile
The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.