First National Bank of Omaha Invests $10.39 Million in The Travelers Companies, Inc. $TRV

First National Bank of Omaha bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 37,225 shares of the insurance provider’s stock, valued at approximately $10,394,000.

Other large investors have also recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the second quarter worth $27,000. Barnes Dennig Private Wealth Management LLC increased its holdings in Travelers Companies by 134.1% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 96 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the period. Quaker Wealth Management LLC lifted its holdings in shares of Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 208 shares during the period. Finally, Clayton Financial Group LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research note on Monday, February 2nd. Barclays dropped their target price on shares of Travelers Companies from $315.00 to $312.00 and set an “equal weight” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group raised shares of Travelers Companies to a “hold” rating in a research note on Tuesday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $302.00 to $305.00 and gave the company an “underweight” rating in a research report on Wednesday, January 7th. Finally, Wells Fargo & Company decreased their target price on Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $303.00.

Travelers Companies Stock Up 1.6%

TRV opened at $298.84 on Wednesday. The stock’s fifty day simple moving average is $286.61 and its 200 day simple moving average is $279.82. The Travelers Companies, Inc. has a 1-year low of $230.43 and a 1-year high of $304.40. The stock has a market cap of $66.66 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 2.74 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The company had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $11.13 billion. Travelers Companies had a net margin of 12.88% and a return on equity of 20.70%. Travelers Companies’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $9.15 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 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, March 31st. Stockholders of record on Tuesday, March 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, March 10th. Travelers Companies’s payout ratio is presently 15.98%.

Travelers Companies declared that its board has initiated a share buyback plan on Wednesday, January 21st that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 16,712 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $279.77, for a total transaction of $4,675,516.24. Following the completion of the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at $1,699,602.75. This represents a 73.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 10,400 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total transaction of $3,127,800.00. Following the completion of the transaction, the executive vice president directly owned 117,596 shares in the company, valued at approximately $35,366,997. This represents a 8.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 101,765 shares of company stock valued at $29,877,543. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.