Citizens Financial Group Inc. RI Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Citizens Financial Group Inc. RI trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,361 shares of the insurance provider’s stock after selling 555 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Travelers Companies were worth $7,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRV. First Command Advisory Services Inc. bought a new stake in Travelers Companies during the third quarter worth about $26,000. Arlington Trust Co LLC bought a new stake in Travelers Companies during the third quarter worth about $27,000. AM Squared Ltd lifted its stake in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in Travelers Companies during the fourth quarter worth about $40,000. Finally, OLD Second National Bank of Aurora bought a new stake in Travelers Companies during the fourth quarter worth about $41,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on TRV. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Morgan Stanley boosted their target price on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Royal Bank of Canada lowered their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Finally, Piper Sandler reissued a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $223.47.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,734 shares of company stock worth $17,208,404. Company insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.3 %

TRV stock opened at $213.45 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The business’s 50 day moving average price is $221.50 and its two-hundred day moving average price is $198.66. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter last year, the company posted $4.11 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.74 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio is 29.72%.

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.