First National Trust Co Has $2.31 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

First National Trust Co trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,582 shares of the insurance provider’s stock after selling 1,095 shares during the period. First National Trust Co’s holdings in Travelers Companies were worth $2,308,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRV. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $27,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the third quarter worth approximately $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies during the fourth quarter worth approximately $48,000. Finally, Versant Capital Management Inc raised its stake in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. BMO Capital Markets boosted 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. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Barclays boosted 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. Four equities research analysts have rated the stock with a sell rating, eleven have given 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, Travelers Companies currently has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Up 2.1 %

Shares of TRV stock opened at $261.26 on Friday. The firm has a fifty day moving average of $246.26 and a 200-day moving average of $245.73. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a market capitalization of $59.23 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.