The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 7,976 shares of the insurance provider’s stock after selling 271 shares during the quarter. Focus Financial Network Inc.’s holdings in Travelers Companies were worth $1,921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $27,000. Wolff Wiese Magana LLC raised its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC bought a new stake in Travelers Companies in the third quarter valued at $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter valued at $50,000. Finally, Versant Capital Management Inc lifted its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV opened at $242.37 on Wednesday. The business’s 50-day moving average price is $244.40 and its 200 day moving average price is $240.24. The firm has a market cap of $55.02 billion, a P/E ratio of 11.29, a PEG ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $7.01 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRV shares. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven 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 a consensus rating of “Hold” and a consensus target price of $260.47.

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.