The Travelers Companies, Inc. $TRV Stake Cut by Fifth Third Bancorp

Fifth Third Bancorp decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 99,900 shares of the insurance provider’s stock after selling 4,082 shares during the period. Fifth Third Bancorp’s holdings in Travelers Companies were worth $35,615,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $6,915,909,000. Dimensional Fund Advisors LP boosted its stake in shares of Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after purchasing an additional 123,564 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Travelers Companies during the second quarter valued at approximately $932,142,000. GQG Partners LLC purchased a new position in Travelers Companies during the second quarter valued at approximately $789,024,000. Finally, First Trust Advisors LP increased its holdings in Travelers Companies by 7.2% during the first quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after buying an additional 115,276 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP David Rowland sold 5,000 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $405.62, for a total transaction of $2,028,100.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $4,250,491.98. This represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 9,016 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the transaction, the executive vice president directly owned 6,075 shares in the company, valued at approximately $2,463,837.75. The trade was a 59.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 195,287 shares of company stock valued at $77,818,050 over the last quarter. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $403.60 on Friday. The firm has a market cap of $82.72 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 2.76 and a beta of 0.40. The firm has a 50-day simple moving average of $380.32 and a two-hundred day simple moving average of $335.21. The Travelers Companies, Inc. has a one year low of $268.00 and a one year high of $418.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm had revenue of $12.41 billion for the quarter, compared to the consensus estimate of $11.36 billion. During the same quarter in the previous year, the firm earned $8.14 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.2%. Travelers Companies’s dividend payout ratio is presently 13.11%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $372.00 to $382.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $352.00 to $379.00 and gave the company a “neutral” rating in a research report on Tuesday, October 20th. Truist Financial increased their target price on Travelers Companies from $425.00 to $435.00 and gave the company a “buy” rating in a research report on Monday, October 19th. Bank of America lifted their price target on Travelers Companies from $301.00 to $320.00 and gave the company an “underperform” rating in a report on Monday, October 12th. Finally, Barclays boosted their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, fifteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $370.83.

Travelers Companies Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.