The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Lincoln Capital LLC

Lincoln Capital LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 14,669 shares of the insurance provider’s stock after selling 90 shares during the period. Travelers Companies accounts for about 0.7% of Lincoln Capital LLC’s holdings, making the stock its 28th biggest position. Lincoln Capital LLC’s holdings in Travelers Companies were worth $3,534,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TRV. State Street Corp increased its stake in shares of Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the last quarter. FMR LLC increased its position in Travelers Companies by 12.6% during the third 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. Geode Capital Management LLC raised its stake in Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after purchasing an additional 114,714 shares during the period. Legal & General Group Plc boosted its holdings in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Travelers Companies by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after acquiring an additional 10,285 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.1 %

NYSE:TRV opened at $239.65 on Monday. The firm has a market capitalization of $54.41 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 1.01 and a beta of 0.65. The Travelers Companies, Inc. has a 52 week low of $195.57 and a 52 week high of $269.55. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $249.57 and a 200-day moving average of $235.96.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. During the same period last year, the business posted $1.95 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 18.94 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Andy F. Bessette sold 4,520 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $253.46, for a total value of $1,145,639.20. Following the completion of the sale, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at approximately $4,302,736.96. This represents a 21.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 33,684 shares of company stock worth $8,728,319. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Piper Sandler reduced their target price on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price target on Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their price objective on shares of Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $254.65.

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.