The Travelers Companies, Inc. (NYSE:TRV) Stake Cut by Wealth Effects LLC

Wealth Effects LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,230 shares of the insurance provider’s stock after selling 76 shares during the quarter. Wealth Effects LLC’s holdings in Travelers Companies were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Thrivent Financial for Lutherans boosted its stake in shares of Travelers Companies by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after buying an additional 4,466 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Travelers Companies by 14.9% during the 2nd quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock valued at $5,058,000 after buying an additional 3,228 shares during the last quarter. William B. Walkup & Associates Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $2,654,000. Wellington Wealth Strategies LLC. acquired a new position in Travelers Companies in the second quarter worth approximately $315,000. Finally, Quarry LP raised its position in Travelers Companies by 249.0% during the second quarter. Quarry LP now owns 869 shares of the insurance provider’s stock valued at $177,000 after acquiring an additional 620 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 3.8 %

Shares of TRV stock opened at $251.15 on Tuesday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a fifty day moving average price of $247.92 and a 200 day moving average price of $237.51. The stock has a market cap of $57.01 billion, a P/E ratio of 11.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 EPS. Analysts predict that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 1.67%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Insider Activity

In other news, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, 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. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a report on Friday. Finally, Bank of America raised their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Company Profile

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.