Travelers Companies Inc (TRV) Shares Bought by First National Bank of Omaha

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First National Bank of Omaha grew its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 0.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 58,280 shares of the insurance provider’s stock after purchasing an additional 171 shares during the quarter. First National Bank of Omaha’s holdings in Travelers Companies were worth $7,994,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc lifted its holdings in shares of Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after purchasing an additional 65,931 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Travelers Companies by 0.9% in the 4th quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock worth $2,523,843,000 after purchasing an additional 190,871 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Travelers Companies by 4.5% in the 4th quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock worth $445,226,000 after purchasing an additional 159,502 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Travelers Companies by 1.7% in the 4th quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock worth $427,144,000 after purchasing an additional 60,000 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 3,495,996 shares in the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

In related news, CEO Alan D. Schnitzer sold 66,228 shares of Travelers Companies stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $132.22, for a total value of $8,756,666.16. Following the completion of the sale, the chief executive officer now owns 134,252 shares of the company’s stock, valued at approximately $17,750,799.44. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the insider now directly owns 241,745 shares of the company’s stock, valued at approximately $33,844,300. The disclosure for this sale can be found here. In the last three months, insiders sold 200,581 shares of company stock valued at $27,017,867. 0.73% of the stock is currently owned by insiders.

TRV has been the topic of a number of recent research reports. Morgan Stanley cut their target price on Travelers Companies from $126.00 to $119.00 and set an “underweight” rating on the stock in a report on Thursday, January 3rd. Barclays raised Travelers Companies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $135.00 to $145.00 in a research report on Wednesday, January 9th. Compass Point assumed coverage on Travelers Companies in a research report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price target for the company. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the company a “hold” rating in a research report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $140.58.

Shares of TRV opened at $143.29 on Friday. Travelers Companies Inc has a fifty-two week low of $111.08 and a fifty-two week high of $144.18. The stock has a market capitalization of $37.65 billion, a P/E ratio of 16.03, a PEG ratio of 1.30 and a beta of 1.08. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The company had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.94 billion. During the same quarter last year, the firm posted $2.46 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Sell-side analysts expect that Travelers Companies Inc will post 11.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $0.82 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 annualized dividend and a yield of 2.29%. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.

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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.

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Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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