The Travelers Companies, Inc. $TRV Shares Sold by First National Bank of Omaha

First National Bank of Omaha trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,640 shares of the insurance provider’s stock after selling 4,585 shares during the period. First National Bank of Omaha’s holdings in Travelers Companies were worth $9,468,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. lifted its position in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $28,000. Entrust Financial LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $31,000. Navalign LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $35,000. Finally, eCIO Inc. bought a new position in shares of Travelers Companies in the fourth quarter valued at $37,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $304.62 on Friday. The company’s fifty day moving average is $300.22 and its two-hundred day moving average is $294.52. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12. The company has a market cap of $64.78 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 2.74 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the business earned $1.91 EPS. The company’s revenue was down 1.7% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. The trade was a 12.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,573 shares of company stock worth $11,504,146. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of several research reports. Wells Fargo & Company upped their price target on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a report on Thursday, April 9th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Finally, Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $331.00 to $295.00 in a report on Friday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $309.07.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.