Cullen Frost Bankers Inc. Raises Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cullen Frost Bankers Inc. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,859 shares of the insurance provider’s stock after purchasing an additional 2,964 shares during the period. Cullen Frost Bankers Inc.’s holdings in Travelers Companies were worth $19,594,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TRV. First Command Advisory Services Inc. purchased a new position in Travelers Companies in the third quarter valued at about $26,000. AM Squared Ltd raised its holdings in shares of Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the period. Valued Wealth Advisors LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $40,000. OLD Second National Bank of Aurora bought a new position in Travelers Companies during the fourth quarter valued at $41,000. Finally, Independence Bank of Kentucky bought a new position in Travelers Companies during the fourth quarter valued at $47,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of recent research reports. Keefe, Bruyette & Woods dropped their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Roth Mkm reiterated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Finally, TD Cowen reduced their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $223.47.

Travelers Companies Price Performance

Shares of NYSE:TRV traded up $1.06 during trading on Tuesday, reaching $216.97. The company had a trading volume of 576,136 shares, compared to its average volume of 1,462,497. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a fifty day moving average of $220.64 and a two-hundred day moving average of $201.34. The stock has a market capitalization of $49.68 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the firm earned $4.11 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.94%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by insiders.

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.