UMB Bank n.a. Has $27.04 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

UMB Bank n.a. lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,264 shares of the insurance provider’s stock after selling 3,085 shares during the period. UMB Bank n.a.’s holdings in Travelers Companies were worth $27,043,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after buying an additional 120,228 shares during the last quarter. FMR LLC grew its holdings in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC grew its holdings in Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Legal & General Group Plc grew its holdings in Travelers Companies by 1.6% during the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after purchasing an additional 10,285 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $239.65 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The stock has a fifty day moving average price of $249.57 and a two-hundred day moving average price of $235.96. The Travelers Companies, Inc. has a 52-week low of $195.57 and a 52-week high of $269.55. The firm has a market capitalization of $54.41 billion, a P/E ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 18.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRV shares. Royal Bank of Canada increased their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a report on Friday, October 18th. Keefe, Bruyette & Woods lowered their price target on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company lowered their price target on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating on the stock in a report on Tuesday, January 14th. Barclays reduced their price objective on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $254.65.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $256.17, for a total value of $2,561,700.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $5,840,163.66. This trade represents a 30.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Vice Chairman William H. Heyman sold 3,000 shares of Travelers Companies stock in a transaction dated 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 approximately $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,684 shares of company stock worth $8,728,319 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

About Travelers Companies

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.