Schechter Investment Advisors LLC Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Schechter Investment Advisors LLC lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 20.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,917 shares of the insurance provider’s stock after selling 484 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Travelers Companies were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of TRV. FMR LLC grew its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $96,012,000. Bank of Montreal Can grew its position in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares during the last quarter. Bryn Mawr Capital Management LLC grew its position in Travelers Companies by 15,056.4% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after purchasing an additional 236,686 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in Travelers Companies during the 3rd quarter worth approximately $54,988,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRV. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

NYSE:TRV opened at $257.97 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a fifty day moving average of $244.16 and a two-hundred day moving average of $244.09. The stock has a market capitalization of $58.49 billion, a PE ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 analysts’ expectations of $10.80 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% on a year-over-year basis. During the same period in the prior year, the business posted $7.01 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.