M&T Bank Corp Has $24.61 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

M&T Bank Corp decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 105,101 shares of the insurance provider’s stock after selling 1,607 shares during the period. M&T Bank Corp’s holdings in Travelers Companies were worth $24,606,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC boosted its position in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new position in Travelers Companies in the third quarter valued at about $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth about $50,000. Finally, Salomon & Ludwin LLC increased its holdings in shares of Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Wells Fargo & Company reissued an “underweight” rating and issued a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their price target on Travelers Companies from $216.00 to $245.00 and gave the company a “sell” rating in a report on Tuesday, October 22nd. Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $245.00 to $273.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $251.70.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were 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 of the company’s stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock worth $20,295,856. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $240.76 on Friday. The firm has a market capitalization of $54.66 billion, a P/E ratio of 12.35, a PEG ratio of 1.17 and a beta of 0.63. The business has a 50-day moving average of $253.97 and a 200-day moving average of $231.43. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $182.76 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Dividend Announcement

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 paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, December 10th. Travelers Companies’s payout ratio is presently 21.54%.

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.