TNB Financial lessened its stake in shares of Travelers Companies Inc (NYSE:TRV) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,655 shares of the insurance provider’s stock after selling 480 shares during the quarter. TNB Financial’s holdings in Travelers Companies were worth $360,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. Aries Wealth Management purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $465,000. First National Bank of Omaha boosted its stake in shares of Travelers Companies by 5.9% during the fourth quarter. First National Bank of Omaha now owns 83,046 shares of the insurance provider’s stock valued at $11,264,000 after purchasing an additional 4,658 shares during the period. Monument Capital Management purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $1,714,000. WASHINGTON TRUST Co purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $216,000. Finally, Palladium Partners LLC boosted its stake in shares of Travelers Companies by 0.9% during the fourth quarter. Palladium Partners LLC now owns 101,558 shares of the insurance provider’s stock valued at $13,775,000 after purchasing an additional 869 shares during the period. 79.21% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Todd C. Schermerhorn acquired 1,120 shares of the firm’s stock in a transaction on Friday, December 7th. The stock was acquired at an average price of $134.21 per share, for a total transaction of $150,315.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 20,077 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $130.68, for a total value of $2,623,662.36. Following the completion of the transaction, the executive vice president now owns 21,619 shares of the company’s stock, valued at approximately $2,825,170.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,599 shares of company stock valued at $26,487,501. 0.82% of the stock is owned by corporate insiders.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.56 by ($0.28). The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. Travelers Companies’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the company posted $3.20 EPS. research analysts expect that Travelers Companies Inc will post 10.59 EPS for the current year.
Travelers Companies declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 9th that authorizes the company to buyback shares. This buyback authorization authorizes the insurance provider to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $2.88 dividend on an annualized basis and a yield of 2.03%. Travelers Companies’s dividend payout ratio (DPR) is 39.40%.
TRV has been the subject of a number of analyst reports. B. Riley reissued a “neutral” rating on shares of Travelers Companies in a research note on Monday, November 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $152.00 target price on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada upped their target price on Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Wells Fargo & Co restated a “market perform” rating and set a $142.00 target price on shares of Travelers Companies in a report on Tuesday, January 23rd. Finally, Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Travelers Companies has an average rating of “Hold” and an average price target of $135.07.
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Travelers Companies Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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