Fulton Bank N.A. Trims Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Fulton Bank N.A. lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 14,288 shares of the insurance provider’s stock after selling 985 shares during the quarter. Fulton Bank N.A.’s holdings in Travelers Companies were worth $3,442,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Ledyard National Bank grew its holdings in Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock valued at $484,000 after purchasing an additional 39 shares during the last quarter. Trueblood Wealth Management LLC grew its stake in Travelers Companies by 2.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after acquiring an additional 41 shares during the last quarter. Cornell Pochily Investment Advisors Inc. increased its holdings in Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after acquiring an additional 42 shares in the last quarter. Willner & Heller LLC raised its position in Travelers Companies by 4.1% during the third quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 45 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.3 %

TRV traded up $0.72 on Wednesday, reaching $242.40. 454,048 shares of the company’s stock were exchanged, compared to its average volume of 1,020,333. The Travelers Companies, Inc. has a twelve month low of $189.87 and a twelve month high of $269.55. The company’s 50 day moving average is $251.20 and its 200-day moving average is $234.32. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market cap of $55.03 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion during 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 quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at approximately $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 over the last quarter. 1.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. UBS Group upped their price objective on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Barclays dropped their price objective on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company reaffirmed an “underweight” rating and set a $217.00 price target (down from $256.00) on shares of Travelers Companies in a research note on Wednesday, December 11th. Finally, Piper Sandler cut their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $255.10.

Travelers Companies Company 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.