First National Bank of Omaha Invests $8.84 Million in The Travelers Companies, Inc. $TRV

First National Bank of Omaha bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 26,791 shares of the insurance provider’s stock, valued at approximately $8,844,000.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. BlackRock Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth about $6,915,909,000. Norges Bank bought a new position in shares of Travelers Companies in the 4th quarter worth about $723,339,000. Bank of New York Mellon Corp acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $469,505,000. Deutsche Bank AG bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $205,539,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president owned 9,213 shares of the company’s stock, valued at $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Trading Up 0.9%

NYSE:TRV opened at $367.96 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a market cap of $76.74 billion, a PE ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45. The firm has a 50-day moving average of $348.71 and a 200-day moving average of $316.68.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.51 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Bank of America increased their price target on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $354.26.

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.