The Travelers Companies, Inc. (NYSE:TRV) Position Reduced by Orrstown Financial Services Inc.

Orrstown Financial Services Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,589 shares of the insurance provider’s stock after selling 96 shares during the period. Orrstown Financial Services Inc.’s holdings in Travelers Companies were worth $624,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Wolff Wiese Magana LLC grew its holdings in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC acquired a new stake in Travelers Companies during the third quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the third quarter worth approximately $50,000. Versant Capital Management Inc grew its position in Travelers Companies by 581.1% in 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. Finally, Salomon & Ludwin LLC increased its holdings in shares of Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Finally, Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $260.47.

Insiders Place Their Bets

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 0.8 %

Shares of Travelers Companies stock traded up $2.05 during trading on Wednesday, hitting $250.48. 99,956 shares of the stock traded hands, compared to its average volume of 1,437,913. The stock has a market cap of $56.86 billion, a P/E ratio of 11.69, a PEG ratio of 1.09 and a beta of 0.65. The company has a fifty day moving average price of $247.48 and a two-hundred day moving average price of $238.07. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the company earned $7.01 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 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.