Arvest Bank Trust Division Has $14.85 Million Position in The Travelers Companies, Inc. $TRV

Arvest Bank Trust Division lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 55,492 shares of the insurance provider’s stock after selling 384 shares during the period. Arvest Bank Trust Division’s holdings in Travelers Companies were worth $14,846,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Avalon Trust Co lifted its holdings in shares of Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after purchasing an additional 1,429 shares in the last quarter. PFG Advisors lifted its stake in Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares in the last quarter. Atlas Capital Advisors Inc. boosted its holdings in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after buying an additional 4,098 shares during the period. BNP Paribas Financial Markets increased its position in shares of Travelers Companies by 25.4% during the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock worth $127,108,000 after acquiring an additional 97,247 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Travelers Companies by 74.9% during the first quarter. Larson Financial Group LLC now owns 3,441 shares of the insurance provider’s stock worth $910,000 after acquiring an additional 1,474 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TRV. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price for the company. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Piper Sandler lifted their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Finally, Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $291.31.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 50,392 shares of company stock valued at $13,945,170. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Up 0.4%

NYSE:TRV opened at $287.23 on Friday. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $290.62. The firm has a market capitalization of $64.07 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s 50 day moving average price is $275.06 and its two-hundred day moving average price is $269.44.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $5.24 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s payout ratio is currently 17.30%.

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.