Community Bank N.A. Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Community Bank N.A. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 44.9% in the 1st quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in Travelers Companies by 1.3% during the 1st quarter. State of Alaska Department of Revenue now owns 54,569 shares of the insurance provider’s stock worth $14,430,000 after purchasing an additional 685 shares in the last quarter. PUREfi Wealth LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at $432,000. Clarius Group LLC raised its stake in shares of Travelers Companies by 50.6% in the 1st quarter. Clarius Group LLC now owns 2,669 shares of the insurance provider’s stock valued at $706,000 after acquiring an additional 897 shares during the period. GSB Wealth Management LLC lifted its holdings in shares of Travelers Companies by 5.0% during the 1st quarter. GSB Wealth Management LLC now owns 10,728 shares of the insurance provider’s stock valued at $2,837,000 after acquiring an additional 514 shares in the last quarter. Finally, Strategic Advisors LLC boosted its position in Travelers Companies by 2.5% during the 1st quarter. Strategic Advisors LLC now owns 3,359 shares of the insurance provider’s stock worth $888,000 after purchasing an additional 83 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.3%

Shares of NYSE:TRV opened at $264.36 on Wednesday. The firm has a market cap of $59.71 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 3.88 and a beta of 0.53. The company has a fifty day simple moving average of $265.06 and a 200 day simple moving average of $254.14. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates 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 last year, the business earned $4.69 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 26,932 shares of the company’s stock, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the transaction, the insider now owns 255,086 shares of the company’s stock, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRV. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $290.00 to $303.00 and gave the company an “outperform” rating in a report on Wednesday, May 28th. Jefferies Financial Group increased their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Evercore ISI raised their target price on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Finally, Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $271.11.

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.