OLD National Bancorp IN Sells 887 Shares of The Travelers Companies, Inc. (NYSE:TRV)

OLD National Bancorp IN lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,072 shares of the insurance provider’s stock after selling 887 shares during the quarter. OLD National Bancorp IN’s holdings in Travelers Companies were worth $1,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC bought a new position in shares of Travelers Companies in the first quarter valued at $35,000. Beacon Capital Management LLC increased its holdings in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares during the last quarter. Wolff Wiese Magana LLC raised its position in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new stake in Travelers Companies in the first quarter valued at $45,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $259.70 on Tuesday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $269.55. The stock has a market capitalization of $59.19 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.40 and a beta of 0.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.33. The company’s 50 day simple moving average is $232.88 and its 200 day simple moving average is $219.74.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $11.46 billion. During the same quarter last year, the company posted $1.95 EPS. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.45 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 21.54%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Roth Mkm upped their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group raised their target price on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research note on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $241.16.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

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.