Westpac Banking Corp Has $303,000 Stake in The Travelers Companies, Inc. $TRV

Westpac Banking Corp increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,131 shares of the insurance provider’s stock after acquiring an additional 240 shares during the period. Westpac Banking Corp’s holdings in Travelers Companies were worth $303,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC lifted its position in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $276,000. AMG National Trust Bank boosted its position in shares of Travelers Companies by 2.5% in the 1st quarter. AMG National Trust Bank now owns 3,854 shares of the insurance provider’s stock worth $1,019,000 after purchasing an additional 93 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Travelers Companies by 20.4% during the first quarter. Kestra Private Wealth Services LLC now owns 9,060 shares of the insurance provider’s stock worth $2,396,000 after purchasing an additional 1,538 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Travelers Companies by 4.3% in the 1st quarter. IFP Advisors Inc now owns 13,672 shares of the insurance provider’s stock valued at $3,616,000 after acquiring an additional 562 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. UBS Group lifted their target price on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $291.94.

Travelers Companies Price Performance

NYSE:TRV opened at $284.37 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $290.61. The firm has a market capitalization of $63.43 billion, a price-to-earnings ratio of 11.18, a P/E/G ratio of 2.38 and a beta of 0.55. The stock’s 50 day moving average price is $275.48 and its two-hundred day moving average price is $269.85. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Announces Dividend

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

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the sale, the insider owned 255,086 shares of the company’s stock, valued at approximately $73,337,225. The trade was a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 54,195 shares of company stock valued at $15,042,229. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Company 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.