Cadence Bank NA Has $2.29 Million Position in Travelers Companies Inc (NYSE:TRV)

Cadence Bank NA grew its holdings in Travelers Companies Inc (NYSE:TRV) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,853 shares of the insurance provider’s stock after acquiring an additional 566 shares during the period. Cadence Bank NA’s holdings in Travelers Companies were worth $2,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Field & Main Bank purchased a new position in Travelers Companies during the fourth quarter valued at $102,000. Fieldpoint Private Securities LLC bought a new position in Travelers Companies during the third quarter valued at $106,000. Valeo Financial Advisors LLC bought a new position in Travelers Companies during the third quarter valued at $108,000. Intellectus Partners LLC lifted its holdings in shares of Travelers Companies by 4.6% in the 2nd quarter. Intellectus Partners LLC now owns 933 shares of the insurance provider’s stock worth $118,000 after acquiring an additional 41 shares during the last quarter. Finally, Security National Trust Co. lifted its holdings in shares of Travelers Companies by 260.9% in the 3rd quarter. Security National Trust Co. now owns 1,043 shares of the insurance provider’s stock worth $128,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

In related news, EVP Andy F. Bessette sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $132.98, for a total value of $265,960.00. Following the completion of the sale, the executive vice president now owns 8,000 shares of the company’s stock, valued at approximately $1,063,840. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas M. Kunkel sold 9,595 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $150.09, for a total transaction of $1,440,113.55. Following the sale, the executive vice president now directly owns 28,956 shares of the company’s stock, valued at approximately $4,346,006.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 183,599 shares of company stock valued at $26,487,501. Company insiders own 0.82% of the company’s stock.

Several equities research analysts have recently issued reports on TRV shares. B. Riley restated a “neutral” rating on shares of Travelers Companies in a report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $152.00 price objective on shares of Travelers Companies in a report on Wednesday, December 6th. Royal Bank of Canada lifted their price objective on shares of Travelers Companies to $140.00 and gave the company an “outperform” rating in a report on Friday, October 20th. Wells Fargo & Co reiterated a “market perform” rating and set a $142.00 price objective on shares of Travelers Companies in a report on Tuesday, January 23rd. Finally, Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Travelers Companies has a consensus rating of “Hold” and a consensus price target of $135.07.

Shares of Travelers Companies Inc (TRV) opened at $137.08 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.41 and a current ratio of 0.39. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month high of $150.55. The company has a market cap of $37,203.51, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the consensus estimate of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The business had revenue of $7.45 billion for the quarter, compared to analyst estimates of $6.47 billion. During the same quarter in the previous year, the firm posted $3.20 earnings per share. The business’s revenue was up 3.6% on a year-over-year basis. equities research analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current year.

Travelers Companies announced that its board has initiated a share buyback program on Thursday, November 9th that allows the company to buyback shares. This buyback authorization allows the insurance provider to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s dividend payout ratio is currently 39.40%.

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About Travelers Companies

The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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