Sumitomo Mitsui DS Asset Management Company Ltd Lowers Position in The Travelers Companies, Inc. (NYSE:TRV)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 243,688 shares of the insurance provider’s stock after selling 5,107 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Travelers Companies were worth $58,702,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Wolff Wiese Magana LLC lifted its position 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 buying an additional 45 shares during the period. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc increased its stake in shares of 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 acquiring an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.5 %

TRV stock opened at $247.48 on Friday. The business’s 50-day moving average is $245.62 and its two-hundred day moving average is $239.23. The company has a market cap of $56.18 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 1.07 and a beta of 0.64. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.01 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.70%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Tuesday, December 10th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $260.47.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction 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 transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

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.