True Vision MN LLC Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

True Vision MN LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,777 shares of the insurance provider’s stock after selling 67 shares during the period. True Vision MN LLC’s holdings in Travelers Companies were worth $669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stonebridge Financial Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $161,000. Essex Financial Services Inc. raised its stake in shares of Travelers Companies by 14.9% in the fourth quarter. Essex Financial Services Inc. now owns 7,414 shares of the insurance provider’s stock worth $1,786,000 after purchasing an additional 964 shares during the last quarter. Elevate Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $4,627,000. Savant Capital LLC boosted its position in Travelers Companies by 0.8% in the fourth quarter. Savant Capital LLC now owns 12,211 shares of the insurance provider’s stock valued at $2,941,000 after buying an additional 97 shares during the last quarter. Finally, Wealthstar Advisors LLC purchased a new position in Travelers Companies during the 4th quarter worth approximately $359,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $242.45 on Tuesday. The firm has a 50-day simple moving average of $244.82 and a 200-day simple moving average of $240.00. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $55.04 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last released its earnings results 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 business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $7.01 EPS. On average, equities analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. Roth Mkm increased 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Barclays lifted their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America boosted 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 research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $260.47.

Insiders Place Their Bets

In other 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 transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

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.