Legacy Private Trust Co. Sells 235 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Legacy Private Trust Co. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 14.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,368 shares of the insurance provider’s stock after selling 235 shares during the quarter. Legacy Private Trust Co.’s holdings in Travelers Companies were worth $330,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in TRV. Franklin Resources Inc. raised 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 period. Sanctuary Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $9,798,000. Orion Portfolio Solutions LLC boosted its holdings in Travelers Companies by 34.6% during the 3rd 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 during the period. LPL Financial LLC grew its position in Travelers Companies by 7.4% during the 2nd quarter. LPL Financial LLC now owns 177,528 shares of the insurance provider’s stock worth $36,099,000 after acquiring an additional 12,190 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in Travelers Companies in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday. Piper Sandler decreased their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays dropped their target price on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday. Finally, Jefferies Financial Group increased their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $255.10.

Insiders Place Their Bets

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 221,924 shares of the company’s stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.5 %

NYSE:TRV opened at $242.89 on Thursday. The Travelers Companies, Inc. has a 52 week low of $189.87 and a 52 week high of $269.55. The stock has a market cap of $55.14 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.17 and a beta of 0.65. The company’s 50 day moving average price is $251.06 and its 200-day moving average price is $234.38. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its 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. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.84 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is 21.54%.

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.