Stock Yards Bank & Trust Co. Has $1.03 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Stock Yards Bank & Trust Co. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,259 shares of the insurance provider’s stock after purchasing an additional 105 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Travelers Companies were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. FMR LLC lifted its position in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. International Assets Investment Management LLC increased its stake in Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Travelers Companies during the 3rd quarter worth about $54,988,000. Finally, Janus Henderson Group PLC grew its stake in shares of Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after buying an additional 232,428 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company upped their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $260.47.

Travelers Companies Stock Down 0.2 %

Shares of NYSE TRV opened at $244.60 on Tuesday. The firm has a fifty day simple moving average of $246.75 and a two-hundred day simple moving average of $238.72. The firm has a market capitalization of $55.53 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the business posted $7.01 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

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.