Banco Bilbao Vizcaya Argentaria S.A. Has $14.40 Million Stake in The Travelers Companies, Inc. $TRV

Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,430 shares of the insurance provider’s stock after buying an additional 5,508 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Travelers Companies were worth $14,404,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC lifted its holdings in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the first quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies in the fourth quarter valued at approximately $26,000. Putney Financial Group LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $26,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Travelers Companies in the fourth quarter valued at approximately $30,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.4%

Shares of NYSE:TRV opened at $268.7330 on Wednesday. The Travelers Companies, Inc. has a 52 week low of $215.39 and a 52 week high of $277.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $60.50 billion, a PE ratio of 11.89, a PEG ratio of 3.04 and a beta of 0.51. The company has a 50 day moving average price of $262.48 and a two-hundred day moving average price of $259.63.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is currently 19.46%.

Insider Activity at Travelers Companies

In other news, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the sale, the insider owned 48,387 shares of the company’s stock, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock valued at $47,929,912 over the last three months. Insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective on the stock. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an “equal weight” rating in a report on Monday, May 19th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company upped their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.56.

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.