Somerset Trust Co Has $221,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Somerset Trust Co lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.2% during the fourth quarter, HoldingsChannel reports. The fund owned 918 shares of the insurance provider’s stock after purchasing an additional 45 shares during the quarter. Somerset Trust Co’s holdings in Travelers Companies were worth $221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its position in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Travelers Companies in the second quarter worth approximately $9,798,000. Orion Portfolio Solutions LLC raised its position in Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after acquiring an additional 4,665 shares in the last quarter. Czech National Bank lifted its stake in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after acquiring an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter worth approximately $50,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Piper Sandler decreased their target price on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Finally, Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $254.65.

Travelers Companies Stock Performance

TRV opened at $239.65 on Friday. The stock’s 50 day simple moving average is $249.91 and its 200-day simple moving average is $235.48. 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 stock has a market cap of $54.41 billion, a PE ratio of 12.29, a P/E/G ratio of 1.01 and a beta of 0.65. The Travelers Companies, Inc. has a 1 year low of $195.57 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 18.94 EPS for the current year.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the sale, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $65,099,840. This represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, 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 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.