Yousif Capital Management LLC Sells 701 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Yousif Capital Management LLC decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,287 shares of the insurance provider’s stock after selling 701 shares during the quarter. Yousif Capital Management LLC’s holdings in Travelers Companies were worth $8,259,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Wolff Wiese Magana LLC increased its stake in Travelers Companies by 39.1% during the third 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 during the period. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $50,000. Versant Capital Management Inc raised its stake in shares of 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 purchasing an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC lifted its position in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.0 %

Shares of NYSE TRV opened at $246.46 on Thursday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $246.03 and a two-hundred day moving average of $239.17. The company has a market cap of $55.95 billion, a PE ratio of 11.48, a P/E/G ratio of 1.07 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.01 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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. The trade was 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.

Wall Street Analysts Forecast Growth

TRV has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target 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.