Northern Trust Corp Trims Position in The Travelers Companies, Inc. $TRV

Northern Trust Corp trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.8% during the 1st quarter, HoldingsChannel reports. The firm owned 3,302,115 shares of the insurance provider’s stock after selling 27,117 shares during the period. Northern Trust Corp’s holdings in Travelers Companies were worth $873,277,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after buying an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth $276,000. MetLife Investment Management LLC grew its position in shares of Travelers Companies by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 60,114 shares of the insurance provider’s stock valued at $14,481,000 after acquiring an additional 838 shares during the period. MML Investors Services LLC grew its position in shares of Travelers Companies by 6.2% during the 4th quarter. MML Investors Services LLC now owns 21,849 shares of the insurance provider’s stock valued at $5,263,000 after acquiring an additional 1,284 shares during the period. Finally, Transce3nd LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth $77,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Daniel S. Frey sold 20,286 shares of the business’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $265.13 on Tuesday. The company has a market cap of $59.69 billion, a P/E ratio of 11.73, a P/E/G ratio of 3.05 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $215.39 and a 1-year high of $277.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50-day moving average of $262.36 and a two-hundred day moving average of $259.57.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 earnings per share. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent research reports. Barclays lowered Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $280.00 to $274.00 in a report on Monday, July 7th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. Finally, Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $284.56.

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.