Keybank National Association OH Has $18.98 Million Holdings in The Travelers Companies, Inc. $TRV

Keybank National Association OH trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,066 shares of the insurance provider’s stock after selling 1,546 shares during the quarter. Keybank National Association OH’s holdings in Travelers Companies were worth $18,978,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Arbejdsmarkedets Tillaegspension acquired a new position in Travelers Companies in the 4th quarter valued at approximately $24,167,000. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $39,450,000. Robeco Institutional Asset Management B.V. raised its stake in shares of Travelers Companies by 17.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock valued at $261,616,000 after purchasing an additional 133,152 shares in the last quarter. AIA Group Ltd acquired a new position in shares of Travelers Companies in the third quarter valued at $1,773,000. Finally, Danske Bank A S acquired a new stake in Travelers Companies during the third quarter worth $52,339,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at approximately $1,853,239.50. The trade was a 51.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,573 shares of company stock worth $11,504,146 over the last 90 days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Trading Down 0.2%

Shares of TRV stock opened at $341.65 on Friday. The company has a market capitalization of $72.65 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $342.31. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $306.77 and a 200 day moving average price of $298.09.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.91 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were given a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 14.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TRV. Bank of America reduced their price objective on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 9th. Barclays downgraded Travelers Companies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $331.00 to $295.00 in a report on Friday, June 12th. BMO Capital Markets increased their target price on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $309.07.

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.