Zions Bancorporation N.A. Has $662,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Zions Bancorporation N.A. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 21.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,826 shares of the insurance provider’s stock after buying an additional 495 shares during the quarter. Zions Bancorporation N.A.’s holdings in Travelers Companies were worth $662,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TRV. Cetera Investment Advisers boosted its position in Travelers Companies by 356.3% during the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after acquiring an additional 35,560 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after purchasing an additional 3,050 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in Travelers Companies in the second quarter valued at $17,303,000. Cetera Advisors LLC increased its stake in Travelers Companies by 75.3% in the 1st quarter. Cetera Advisors LLC now owns 10,996 shares of the insurance provider’s stock valued at $2,531,000 after buying an additional 4,724 shares during the last quarter. Finally, Swedbank AB bought a new stake in Travelers Companies during the 1st quarter worth about $26,618,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $260.82 on Friday. The firm has a market capitalization of $59.21 billion, a PE ratio of 13.38, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $243.91 and a two-hundred day moving average price of $223.99. The Travelers Companies, Inc. has a twelve month low of $169.18 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. Travelers Companies’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.95 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post 18.64 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $1.05 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $245.00 to $273.00 and gave the company a “market perform” rating in a research report on Tuesday, October 22nd. Bank of America lifted their price objective on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Barclays boosted their price target on Travelers Companies from $286.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Roth Mkm raised their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group increased their price objective on Travelers Companies from $216.00 to $245.00 and gave the stock a “sell” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $247.90.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total value of $781,650.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $65,237,551.20. This represents a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,999 shares of company stock worth $16,580,166. 1.33% of the stock is currently owned by insiders.

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.