Huntington National Bank Has $12.95 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Huntington National Bank trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,326 shares of the insurance provider’s stock after selling 886 shares during the quarter. Huntington National Bank’s holdings in Travelers Companies were worth $12,953,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TRV. Arjuna Capital acquired a new position in Travelers Companies during the third quarter worth $4,904,000. Oppenheimer Asset Management Inc. increased its stake in shares of Travelers Companies by 2.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 80,758 shares of the insurance provider’s stock worth $18,907,000 after purchasing an additional 1,823 shares during the last quarter. MQS Management LLC raised its holdings in shares of Travelers Companies by 3.4% in the 3rd quarter. MQS Management LLC now owns 1,935 shares of the insurance provider’s stock valued at $453,000 after purchasing an additional 63 shares during the period. Aptus Capital Advisors LLC lifted its stake in Travelers Companies by 7.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,188 shares of the insurance provider’s stock valued at $980,000 after purchasing an additional 298 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Travelers Companies by 1.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 890,910 shares of the insurance provider’s stock worth $208,580,000 after purchasing an additional 8,839 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 4,520 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the transaction, the executive vice president now owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,999 shares of company stock worth $16,580,166 over the last three months. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRV. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Citigroup raised their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Bank of America upped their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Jefferies Financial Group raised their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $247.90.

Travelers Companies Stock Down 0.1 %

TRV stock opened at $256.52 on Friday. The Travelers Companies, Inc. has a 52 week low of $167.08 and a 52 week high of $269.55. The business has a 50-day simple moving average of $243.42 and a 200 day simple moving average of $223.76. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a market cap of $58.24 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period last year, the firm earned $1.95 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 18.64 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.64%. Travelers Companies’s dividend payout ratio is currently 21.54%.

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.