Moody National Bank Trust Division Sells 78 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Moody National Bank Trust Division decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,515 shares of the insurance provider’s stock after selling 78 shares during the quarter. Moody National Bank Trust Division’s holdings in Travelers Companies were worth $1,723,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. Putney Financial Group LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $26,000. Ameriflex Group Inc. bought a new position in shares of Travelers Companies during the 4th quarter worth $26,000. YANKCOM Partnership bought a new position in shares of Travelers Companies during the 4th quarter worth $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Travelers Companies during the 4th quarter worth $30,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $33,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research report on Tuesday, April 8th. Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $271.11.

Travelers Companies Trading Up 0.2%

Travelers Companies stock opened at $274.25 on Friday. The stock has a 50-day moving average of $261.14 and a two-hundred day moving average of $253.51. 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 Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $276.21. The stock has a market cap of $62.14 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same period last year, the business posted $4.69 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.60%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

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.