Moody National Bank Trust Division Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Moody National Bank Trust Division lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,593 shares of the insurance provider’s stock after selling 407 shares during the quarter. Moody National Bank Trust Division’s holdings in Travelers Companies were worth $1,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC increased its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the third quarter valued at approximately $50,000. Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. Finally, Salomon & Ludwin LLC boosted its holdings in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays lowered their price target on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Bank of America boosted their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Finally, UBS Group increased their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $254.85.

Travelers Companies Stock Up 0.3 %

NYSE:TRV opened at $233.12 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $250.54 and a 200-day simple moving average of $235.16. The company has a market cap of $52.92 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.17 and a beta of 0.65. The Travelers Companies, Inc. has a twelve month low of $194.54 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. Travelers Companies’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. Travelers Companies’s dividend payout ratio is presently 21.54%.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,149 shares of company stock valued at $20,295,856. 1.33% of the stock is currently 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.