The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,720 shares of the insurance provider’s stock after selling 121 shares during the quarter. Hancock Whitney Corp’s holdings in Travelers Companies were worth $2,993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. Y.D. More Investments Ltd acquired a new stake in Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the 1st quarter valued at $35,000. Beacon Capital Management LLC increased its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Travelers Companies during the first quarter worth $42,000. Finally, Tributary Capital Management LLC purchased a new position in Travelers Companies during the first quarter valued at $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.4 %

TRV stock opened at $238.53 on Friday. The firm’s 50 day moving average price is $221.42 and its 200-day moving average price is $217.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $54.62 billion, a PE ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRV shares. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Deutsche Bank Aktiengesellschaft raised their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Citigroup increased their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Finally, TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and lowered their target price for the stock from $252.00 to $230.00 in a research note on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $227.05.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.33% of the company’s stock.

About Travelers Companies

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.