Bank of Hawaii Has $568,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Bank of Hawaii cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 2,424 shares of the insurance provider’s stock after selling 103 shares during the quarter. Bank of Hawaii’s holdings in Travelers Companies were worth $568,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRV. Y.D. More Investments Ltd acquired a new position in Travelers Companies in the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC increased its stake in shares of Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after buying an additional 66 shares during the period. Wolff Wiese Magana LLC raised its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $50,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction 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 owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the sale, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 74,409 shares of company stock valued at $19,305,504 over the last three months. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.5 %

TRV stock opened at $261.17 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $175.88 and a fifty-two week high of $269.55. The stock’s 50 day simple moving average is $247.20 and its 200 day simple moving average is $226.36. The company has a market cap of $59.29 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the business earned $1.95 EPS. Travelers Companies’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 18.83 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRV. Royal Bank of Canada raised their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research note on Friday, October 18th. Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price objective on Travelers Companies from $207.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Jefferies Financial Group increased their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $251.15.

Travelers Companies 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.