tru Independence LLC Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

tru Independence LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 35.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,888 shares of the insurance provider’s stock after selling 10,764 shares during the quarter. Travelers Companies makes up about 1.5% of tru Independence LLC’s holdings, making the stock its 28th largest position. tru Independence LLC’s holdings in Travelers Companies were worth $4,791,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC lifted its holdings 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 purchasing an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter worth approximately $50,000. Versant Capital Management Inc boosted its holdings in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Finally, Salomon & Ludwin LLC grew its stake in Travelers Companies by 22.1% in the 3rd 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.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $244.13 on Monday. The firm has a market cap of $55.42 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company’s fifty day simple moving average is $247.92 and its two-hundred day simple moving average is $237.51. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.01 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated 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 directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TRV. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a research report on Friday. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $260.47.

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.