Webster Bank N. A. Has $2.25 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Webster Bank N. A. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 67.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,320 shares of the insurance provider’s stock after selling 19,374 shares during the period. Webster Bank N. A.’s holdings in Travelers Companies were worth $2,245,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Travelers Companies by 39.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after purchasing an additional 4,466 shares in the last quarter. Copperwynd Financial LLC increased its stake in shares of Travelers Companies by 5.0% in the second quarter. Copperwynd Financial LLC now owns 3,841 shares of the insurance provider’s stock valued at $831,000 after buying an additional 184 shares during the period. NewEdge Advisors LLC increased its stake in shares of Travelers Companies by 14.9% in the second quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock valued at $5,058,000 after buying an additional 3,228 shares during the period. William B. Walkup & Associates Inc. bought a new position in Travelers Companies in the 2nd quarter valued at approximately $2,654,000. Finally, Wellington Wealth Strategies LLC. acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $315,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 0.1 %

TRV stock opened at $241.29 on Monday. The stock’s 50 day simple moving average is $247.92 and its 200 day simple moving average is $237.51. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The company has a market cap of $54.78 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.01 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. Bank of America raised their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $259.00 to $310.00 in a research note on Friday. BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $260.11.

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.