Moody National Bank Trust Division Sells 1,942 Shares of The Travelers Companies, Inc. $TRV

Moody National Bank Trust Division trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,131 shares of the insurance provider’s stock after selling 1,942 shares during the period. Moody National Bank Trust Division’s holdings in Travelers Companies were worth $1,198,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TRV. Brighton Jones LLC lifted its position in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $276,000. Waterloo Capital L.P. bought a new position in Travelers Companies during the second quarter worth about $260,000. Global Retirement Partners LLC bought a new position in Travelers Companies during the second quarter worth about $529,000. Finally, RiverFront Investment Group LLC raised its stake in Travelers Companies by 84.7% in the 2nd quarter. RiverFront Investment Group LLC now owns 2,662 shares of the insurance provider’s stock worth $712,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TRV shares. Barclays dropped their price target 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. Wells Fargo & Company dropped their target price on shares of Travelers Companies from $307.00 to $285.00 and set an “equal weight” rating for the company in a report on Thursday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $320.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Jefferies Financial Group upgraded shares of Travelers Companies to a “hold” rating in a research report on Tuesday, January 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Travelers Companies in a report on Tuesday, January 27th. Two 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $306.79.

Travelers Companies Trading Down 0.8%

NYSE:TRV opened at $290.64 on Thursday. The Travelers Companies, Inc. has a 52 week low of $230.43 and a 52 week high of $313.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s fifty day moving average is $294.76 and its 200-day moving average is $285.69. The firm has a market cap of $62.85 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.73 and a beta of 0.49.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 21st. The insurance provider reported $11.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.34 by $2.79. The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm earned $9.15 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is 15.98%.

Travelers Companies announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 21st that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to buy up to 8.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Jeffrey P. Klenk sold 16,712 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $279.77, for a total value of $4,675,516.24. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,699,602.75. The trade was a 73.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 10,400 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $300.75, for a total value of $3,127,800.00. Following the sale, the executive vice president owned 117,596 shares in the company, valued at approximately $35,366,997. The trade was a 8.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 92,845 shares of company stock valued at $27,239,631 over the last 90 days. 1.46% of the stock is owned by company insiders.

Travelers Companies 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.