United Community Bank Sells 88 Shares of The Travelers Companies, Inc. (NYSE:TRV)

United Community Bank decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,796 shares of the insurance provider’s stock after selling 88 shares during the quarter. United Community Bank’s holdings in Travelers Companies were worth $674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new position in Travelers Companies in the fourth quarter worth $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter worth about $44,000. Providence First Trust Co bought a new position in Travelers Companies in the 4th quarter worth about $48,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.8 %

Shares of NYSE:TRV opened at $258.09 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The firm has a market capitalization of $58.51 billion, a P/E ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. The stock has a 50 day moving average price of $244.74 and a 200-day moving average price of $244.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating 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 analyst estimates of $10.80 billion. During the same quarter last year, the company earned $7.01 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TRV shares. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $261.05.

About Travelers Companies

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.