The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Community Bank N.A.

Community Bank N.A. cut its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 44.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,201 shares of the insurance provider's stock after selling 3,430 shares during the period. Community Bank N.A.'s holdings in Travelers Companies were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lake Street Advisors Group LLC grew its position in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after acquiring an additional 46 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after purchasing an additional 47 shares during the period. Valmark Advisers Inc. grew its position in Travelers Companies by 5.4% during the 4th quarter. Valmark Advisers Inc. now owns 940 shares of the insurance provider's stock worth $226,000 after purchasing an additional 48 shares during the last quarter. JT Stratford LLC grew its position in Travelers Companies by 0.8% during the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 49 shares during the last quarter. Finally, Barden Capital Management Inc. increased its stake in Travelers Companies by 1.1% in the first quarter. Barden Capital Management Inc. now owns 5,167 shares of the insurance provider's stock valued at $1,366,000 after purchasing an additional 55 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Evercore ISI lifted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, UBS Group reduced their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $271.11.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the transaction, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. This represents a 11.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company's stock.

Travelers Companies Trading Down 0.3%

Travelers Companies stock opened at $264.36 on Wednesday. The stock has a 50-day moving average price of $265.06 and a 200 day moving average price of $254.14. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83. The stock has a market cap of $59.71 billion, a PE ratio of 14.39, a P/E/G ratio of 3.88 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period in the previous year, the firm posted $4.69 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

Travelers Companies 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.

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