Huntington National Bank Sells 1,141 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Huntington National Bank lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 54,185 shares of the insurance provider’s stock after selling 1,141 shares during the quarter. Huntington National Bank’s holdings in Travelers Companies were worth $13,053,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Edgestream Partners L.P. bought a new stake in Travelers Companies in the 3rd quarter worth approximately $1,909,000. Benjamin Edwards Inc. purchased a new position in shares of Travelers Companies in the 3rd quarter worth $1,574,000. Ascent Group LLC grew its stake in shares of Travelers Companies by 2.2% during the 3rd quarter. Ascent Group LLC now owns 4,801 shares of the insurance provider’s stock valued at $1,124,000 after purchasing an additional 103 shares during the period. Hilltop Holdings Inc. grew its position in Travelers Companies by 30.8% during the third quarter. Hilltop Holdings Inc. now owns 7,820 shares of the insurance provider’s stock valued at $1,831,000 after buying an additional 1,842 shares during the period. Finally, HighTower Advisors LLC increased its holdings in Travelers Companies by 7.2% during the third quarter. HighTower Advisors LLC now owns 124,234 shares of the insurance provider’s stock valued at $29,025,000 after buying an additional 8,369 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $264.58 on Thursday. The company has a market cap of $59.99 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The stock’s 50 day simple moving average is $251.92 and its two-hundred day simple moving average is $248.59. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business posted $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. 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 note on Friday, January 24th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $260.00.

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.