Canandaigua National Bank & Trust Co. Sells 1,135 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Canandaigua National Bank & Trust Co. reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,982 shares of the insurance provider’s stock after selling 1,135 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in Travelers Companies were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in TRV. Foundations Investment Advisors LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $224,000. Larson Financial Group LLC boosted its holdings in Travelers Companies by 509.7% in the 2nd quarter. Larson Financial Group LLC now owns 756 shares of the insurance provider’s stock worth $154,000 after buying an additional 632 shares during the period. Victory Capital Management Inc. grew its stake in Travelers Companies by 34.0% in the 2nd quarter. Victory Capital Management Inc. now owns 113,208 shares of the insurance provider’s stock valued at $23,020,000 after buying an additional 28,735 shares in the last quarter. New York Life Investment Management LLC raised its holdings in Travelers Companies by 1.3% during the 2nd quarter. New York Life Investment Management LLC now owns 34,915 shares of the insurance provider’s stock valued at $7,100,000 after acquiring an additional 448 shares during the period. Finally, Candriam S.C.A. lifted its position in shares of Travelers Companies by 11.7% during the second quarter. Candriam S.C.A. now owns 25,904 shares of the insurance provider’s stock worth $5,267,000 after acquiring an additional 2,705 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent research reports. Piper Sandler reduced their price target on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Bank of America raised their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Finally, Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Five research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $253.45.

Travelers Companies Trading Down 0.2 %

Shares of Travelers Companies stock traded down $0.52 on Monday, hitting $241.77. The stock had a trading volume of 1,442,679 shares, compared to its average volume of 864,068. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a one year low of $189.87 and a one year high of $269.55. The stock’s 50-day simple moving average is $251.56 and its two-hundred day simple moving average is $233.89. The stock has a market cap of $54.89 billion, a price-to-earnings ratio of 12.40, 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, beating analysts’ consensus estimates of $3.79 by $1.45. The firm had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.95 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend was Tuesday, December 10th. Travelers Companies’s payout ratio is 21.54%.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at approximately $65,237,551.20. This represents a 1.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan D. Schnitzer sold 40,524 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now 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 position. 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. Corporate insiders own 1.33% of the company’s stock.

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.