OLD Second National Bank of Aurora Acquires Shares of 216 The Travelers Companies, Inc. (NYSE:TRV)

OLD Second National Bank of Aurora acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 216 shares of the insurance provider’s stock, valued at approximately $41,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its stake in Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after buying an additional 623,974 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after purchasing an additional 29,989 shares during the period. Morgan Stanley increased its holdings in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after purchasing an additional 539,294 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after purchasing an additional 95,153 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after purchasing an additional 31,165 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.9 %

Shares of NYSE:TRV opened at $210.46 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The stock’s fifty day simple moving average is $221.80 and its 200-day simple moving average is $196.27. The company has a market capitalization of $48.22 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.08 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.00%. Travelers Companies’s dividend payout ratio is 29.72%.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,775 shares of company stock worth $23,343,903. 1.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRV. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Piper Sandler reaffirmed a “neutral” rating and set a $213.00 price objective on shares of Travelers Companies in a report on Monday, April 1st. TD Cowen began coverage on Travelers Companies in a report on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective on the stock. Royal Bank of Canada dropped their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a report on Thursday. Finally, Citigroup upped their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $218.39.

Travelers Companies Company Profile

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.