Community Bank N.A. Sells 209 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Community Bank N.A. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,631 shares of the insurance provider’s stock after selling 209 shares during the quarter. Community Bank N.A.’s holdings in Travelers Companies were worth $1,838,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $37,000. True Wealth Design LLC bought a new stake in Travelers Companies during the 3rd quarter worth approximately $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the 4th quarter worth approximately $44,000. Finally, Providence First Trust Co bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $48,000. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRV shares. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Down 1.1 %

TRV opened at $256.70 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $58.20 billion, a P/E ratio of 11.96, a P/E/G ratio of 4.65 and a beta of 0.60. The stock has a fifty day moving average of $248.29 and a 200-day moving average of $247.06.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm earned $7.01 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.