MidFirst Bank Takes $590,000 Position in The Travelers Companies, Inc. $TRV

MidFirst Bank purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,787 shares of the insurance provider’s stock, valued at approximately $590,000.

Several other institutional investors have also recently made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new position in Travelers Companies in the fourth quarter valued at about $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at about $39,450,000. UBS Group AG raised its stake in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the period. Baader Bank Aktiengesellschaft purchased a new stake in shares of Travelers Companies in the 1st quarter valued at approximately $576,000. Finally, Swiss Life Asset Management Ltd lifted its holdings in shares of Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock worth $19,149,000 after acquiring an additional 19,347 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. Piper Sandler increased their price objective on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Morgan Stanley lifted their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Finally, Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $364.50 on Tuesday. The company has a fifty day simple moving average of $347.35 and a two-hundred day simple moving average of $316.08. The company has a market cap of $76.03 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $6.51 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Travelers Companies 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.