First Interstate Bank Has $1,437,000 Position in The Travelers Companies, Inc. (TRV)

First Interstate Bank increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 364.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,738 shares of the company’s stock after buying an additional 9,210 shares during the period. First Interstate Bank’s holdings in The Travelers Companies were worth $1,437,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in The Travelers Companies by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,951,653 shares of the company’s stock worth $1,541,765,000 after buying an additional 177,858 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in The Travelers Companies by 6.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 9,122,241 shares of the company’s stock worth $1,044,953,000 after buying an additional 531,848 shares in the last quarter. Cohen & Steers Inc. boosted its position in The Travelers Companies by 573,761.8% in the second quarter. Cohen & Steers Inc. now owns 6,312,480 shares of the company’s stock worth $672,090,000 after buying an additional 6,311,380 shares in the last quarter. BlackRock Fund Advisors boosted its position in The Travelers Companies by 4.0% in the third quarter. BlackRock Fund Advisors now owns 4,343,515 shares of the company’s stock worth $497,550,000 after buying an additional 168,866 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in The Travelers Companies by 31.0% in the third quarter. BlackRock Group LTD now owns 3,784,619 shares of the company’s stock worth $433,528,000 after buying an additional 895,850 shares in the last quarter. Hedge funds and other institutional investors own 80.36% of the company’s stock.

Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

Shares of The Travelers Companies, Inc. (NYSE:TRV) opened at 120.24 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $103.45 and a 12 month high of $123.09. The firm has a market capitalization of $33.62 billion, a price-to-earnings ratio of 11.70 and a beta of 1.06. The firm has a 50-day moving average price of $118.59 and a 200 day moving average price of $115.87.

The Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, January 24th. The company reported $3.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.57. The firm had revenue of $7.19 billion for the quarter, compared to analyst estimates of $6.99 billion. The Travelers Companies had a return on equity of 12.29% and a net margin of 10.92%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.90 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post $9.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Wednesday, March 8th. The Travelers Companies’s dividend payout ratio (DPR) is currently 26.10%.

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A number of brokerages have issued reports on TRV. FBR & Co lowered The Travelers Companies from an “outperform” rating to a “market perform” rating and cut their target price for the company from $119.73 to $119.00 in a research report on Monday. They noted that the move was a valuation call. Macquarie raised The Travelers Companies from an “underperform” rating to an “outperform” rating in a research report on Tuesday, January 17th. Goldman Sachs Group, Inc. (The) lowered The Travelers Companies from a “neutral” rating to a “sell” rating and cut their target price for the company from $116.00 to $107.00 in a research report on Tuesday, January 10th. Barclays PLC reaffirmed a “hold” rating and issued a $117.00 target price on shares of The Travelers Companies in a research report on Monday, January 9th. Finally, Atlantic Securities lowered The Travelers Companies from a “neutral” rating to an “underweight” rating and set a $110.00 target price on the stock. in a research report on Friday, January 6th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $118.31.

In other news, Vice Chairman William H. Heyman sold 11,000 shares of The Travelers Companies stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $119.57, for a total transaction of $1,315,270.00. Following the sale, the insider now owns 229,254 shares of the company’s stock, valued at approximately $27,411,900.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 75,121 shares of The Travelers Companies stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $117.49, for a total value of $8,825,966.29. Following the sale, the chief executive officer now directly owns 100,836 shares in the company, valued at approximately $11,847,221.64. The disclosure for this sale can be found here. Insiders sold a total of 88,121 shares of company stock worth $10,368,986 in the last ninety days. Insiders own 1.34% of the company’s stock.

About The Travelers Companies

The Travelers Companies, Inc is a holding company. The Company, through its subsidiaries, is engaged in providing a range of commercial and personal property and casualty insurance products and services to businesses, government units, associations and individuals. It operates through three segments: Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance.

5 Day Chart for NYSE:TRV

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV).

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