Stock Yards Bank & Trust Co. Sells 83 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Stock Yards Bank & Trust Co. lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,154 shares of the insurance provider’s stock after selling 83 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Travelers Companies were worth $973,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC raised its holdings in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the third quarter valued at about $50,000. Finally, Salomon & Ludwin LLC boosted its stake in shares of 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 acquiring an additional 50 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $65,237,551.20. This trade represents a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,149 shares of company stock worth $20,295,856 in the last quarter. 1.33% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on TRV shares. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Wells Fargo & Company reiterated an “underweight” rating and set a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday. Finally, Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Five research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $251.70.

Travelers Companies Stock Down 0.5 %

NYSE TRV opened at $243.86 on Friday. 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 Travelers Companies, Inc. has a 52 week low of $181.03 and a 52 week high of $269.55. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.16 and a beta of 0.63. The company has a fifty day moving average of $252.61 and a two-hundred day moving average of $229.94.

Travelers Companies (NYSE:TRV) last issued its quarterly 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. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.95 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, December 10th. 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.