Huntington National Bank Sells 1,141 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Huntington National Bank decreased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,185 shares of the insurance provider's stock after selling 1,141 shares during the period. Huntington National Bank's holdings in Travelers Companies were worth $13,053,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $1,501,000. Meeder Advisory Services Inc. increased its position in Travelers Companies by 4.4% in the fourth quarter. Meeder Advisory Services Inc. now owns 5,048 shares of the insurance provider's stock worth $1,216,000 after buying an additional 214 shares during the last quarter. Groupama Asset Managment increased its position in Travelers Companies by 81.8% in the fourth quarter. Groupama Asset Managment now owns 10,925 shares of the insurance provider's stock worth $2,621,000 after buying an additional 4,917 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Travelers Companies in the fourth quarter valued at $16,530,000. Finally, Headlands Technologies LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at $2,492,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 7.8 %

Shares of NYSE TRV traded down $20.46 during mid-day trading on Friday, hitting $242.64. The stock had a trading volume of 2,471,769 shares, compared to its average volume of 1,287,448. The firm has a market cap of $55.01 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The business has a 50 day moving average price of $252.38 and a two-hundred day moving average price of $248.74. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

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Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the business posted $7.01 earnings per share. Travelers Companies's revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Barclays increased their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $260.00.

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.