Webster Bank N. A. Sells 641 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Webster Bank N. A. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,703 shares of the insurance provider’s stock after selling 641 shares during the period. Webster Bank N. A.’s holdings in Travelers Companies were worth $5,332,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TRV. Sequoia Financial Advisors LLC lifted its position in shares of Travelers Companies by 1.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,074 shares of the insurance provider’s stock worth $562,000 after buying an additional 58 shares during the last quarter. Lindbrook Capital LLC increased its stake in Travelers Companies by 1.6% in the 1st quarter. Lindbrook Capital LLC now owns 3,822 shares of the insurance provider’s stock valued at $655,000 after buying an additional 59 shares during the period. Integrated Advisors Network LLC increased its stake in Travelers Companies by 3.1% in the 1st quarter. Integrated Advisors Network LLC now owns 2,169 shares of the insurance provider’s stock valued at $372,000 after buying an additional 66 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Travelers Companies by 2.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 3,199 shares of the insurance provider’s stock worth $548,000 after purchasing an additional 68 shares during the period. Finally, Clearstead Advisors LLC grew its stake in shares of Travelers Companies by 4.0% during the 1st quarter. Clearstead Advisors LLC now owns 1,829 shares of the insurance provider’s stock worth $314,000 after purchasing an additional 70 shares during the period. 81.12% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $175.05, for a total transaction of $1,750,500.00. Following the transaction, the executive vice president now owns 14,080 shares of the company’s stock, valued at $2,464,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.29% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $185.00 to $194.00 in a research note on Thursday, July 6th. Morgan Stanley reaffirmed an “equal weight” rating and set a $185.00 price target on shares of Travelers Companies in a research note on Friday, July 21st. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $183.00 to $185.00 in a research report on Thursday, July 20th. StockNews.com started coverage on shares of Travelers Companies in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Finally, Jefferies Financial Group decreased their price objective on shares of Travelers Companies from $183.00 to $180.00 and set a “hold” rating on the stock in a research report on Tuesday, July 25th. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $196.08.

Travelers Companies Trading Up 0.1 %

TRV traded up $0.13 during trading on Tuesday, reaching $166.98. The company had a trading volume of 414,055 shares, compared to its average volume of 1,332,777. The Travelers Companies, Inc. has a 12-month low of $149.65 and a 12-month high of $194.51. The company has a market cap of $38.23 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50-day simple moving average is $166.43 and its 200 day simple moving average is $172.00.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 20th. The insurance provider reported $0.06 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($1.99). The company had revenue of $10.10 billion during the quarter, compared to analyst estimates of $9.97 billion. Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.57 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 12.01 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date is Thursday, September 7th. Travelers Companies’s dividend payout ratio is currently 42.60%.

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.