The Travelers Companies, Inc. (NYSE:TRV) Stake Reduced by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,380 shares of the insurance provider’s stock after selling 61 shares during the quarter. Fiduciary Financial Group LLC’s holdings in Travelers Companies were worth $321,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC grew its stake in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after buying an additional 45 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Travelers Companies in the third quarter worth $41,000. Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the third quarter worth $50,000. Versant Capital Management Inc boosted its stake in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in Travelers Companies by 22.1% during the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Andy F. Bessette sold 4,520 shares of Travelers Companies stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $253.46, for a total value of $1,145,639.20. Following the transaction, the executive vice president now directly owns 16,976 shares of the company’s stock, valued at $4,302,736.96. The trade was a 21.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Diane Kurtzman sold 3,941 shares of Travelers Companies stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $260.45, for a total value of $1,026,433.45. Following the sale, the executive vice president now directly owns 1,715 shares in the company, valued at $446,671.75. The trade was a 69.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock valued at $20,295,856 in the last three months. Company insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on TRV shares. Bank of America raised their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research note on Thursday, October 17th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. Royal Bank of Canada increased their price target on Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. UBS Group increased their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Finally, Piper Sandler decreased their price objective on Travelers Companies from $280.00 to $259.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $254.65.

Travelers Companies Stock Up 1.6 %

Shares of TRV stock opened at $237.15 on Wednesday. The stock’s 50 day simple moving average is $250.38 and its 200 day simple moving average is $235.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a twelve month low of $194.54 and a twelve month high of $269.55. The company has a market capitalization of $53.84 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.17 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, beating analysts’ consensus estimates of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.95 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 18.84 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.77%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

About Travelers Companies

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.