Community Bank N.A. Cuts Position in The Travelers Companies, Inc. $TRV

Key Points

• Community Bank N.A. has reduced its stake in The Travelers Companies, Inc. by 44.8%, now holding 2,321 shares valued at approximately $621,000.
• Several institutional investors have adjusted their positions in Travelers, with significant growth in stakes reported by Bearing Point Capital LLC, Forum Financial Management LP, and others.
• The Travelers Companies reported strong earnings of $6.51 EPS, exceeding estimates, with a revenue of $11.54 billion for the last quarter, reflecting a 7.4% year-over-year increase.

Community Bank N.A. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 44.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,321 shares of the insurance provider's stock after selling 1,880 shares during the quarter. Community Bank N.A.'s holdings in Travelers Companies were worth $621,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Bearing Point Capital LLC grew its stake in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after buying an additional 38 shares in the last quarter. Forum Financial Management LP grew its stake in shares of Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after buying an additional 39 shares in the last quarter. Y.D. More Investments Ltd grew its stake in shares of Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after buying an additional 39 shares in the last quarter. Park National Corp OH grew its stake in shares of Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider's stock valued at $690,000 after buying an additional 40 shares in the last quarter. Finally, ORG Partners LLC grew its stake in shares of Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider's stock valued at $207,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TRV. UBS Group increased their target price on Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective on Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Weiss Ratings restated a "buy (b)" rating on shares of Travelers Companies in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $290.11.

Travelers Companies Price Performance

Shares of TRV opened at $275.59 on Wednesday. The firm has a market cap of $62.04 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 3.03 and a beta of 0.51. The stock has a 50 day moving average of $274.03 and a 200-day moving average of $266.31. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.51 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

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.

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