tru Independence LLC Has $4.79 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

tru Independence LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 35.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,888 shares of the insurance provider’s stock after selling 10,764 shares during the period. Travelers Companies makes up approximately 1.5% of tru Independence LLC’s holdings, making the stock its 28th biggest holding. tru Independence LLC’s holdings in Travelers Companies were worth $4,791,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Travelers Companies by 39.9% in the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after purchasing an additional 4,466 shares in the last quarter. Copperwynd Financial LLC grew its position in Travelers Companies by 5.0% in the second quarter. Copperwynd Financial LLC now owns 3,841 shares of the insurance provider’s stock valued at $831,000 after purchasing an additional 184 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of Travelers Companies by 14.9% in the second quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock valued at $5,058,000 after acquiring an additional 3,228 shares during the last quarter. William B. Walkup & Associates Inc. acquired a new stake in shares of Travelers Companies in the second quarter valued at about $2,654,000. Finally, Wellington Wealth Strategies LLC. acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $315,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group raised their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a report on Monday. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $260.47.

Travelers Companies Stock Performance

NYSE TRV opened at $244.13 on Monday. The stock has a market cap of $55.42 billion, a PE ratio of 11.39, a PEG ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The firm’s fifty day moving average price is $247.92 and its two-hundred day moving average price is $237.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.01 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. Travelers Companies’s payout ratio is currently 19.56%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s 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 completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Travelers Companies 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.