The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 80,690 shares of the insurance provider’s stock after selling 68 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Travelers Companies were worth $19,437,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC increased its position in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after buying an additional 43 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares in the last quarter. Somerset Trust Co increased its position in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Travelers Companies by 3.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock valued at $294,000 after buying an additional 46 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Down 1.5 %

NYSE TRV opened at $248.61 on Thursday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a 50 day moving average of $242.50 and a 200-day moving average of $242.55. The company has a market cap of $56.37 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $7.01 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.69%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.