The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 23.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 164,725 shares of the insurance provider’s stock after selling 49,908 shares during the period. Corient Private Wealth LLC owned about 0.07% of Travelers Companies worth $39,681,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. YANKCOM Partnership acquired a new position in Travelers Companies in the fourth quarter valued at $27,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies during the 4th quarter worth about $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies in the fourth quarter worth approximately $48,000. Finally, Versant Capital Management Inc grew its holdings in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.7 %

TRV stock opened at $265.28 on Tuesday. 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 firm has a 50 day simple moving average of $246.73 and a 200-day simple moving average of $246.31. The company has a market capitalization of $60.15 billion, a P/E ratio of 12.36, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV) last announced 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business earned $7.01 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Janney Montgomery Scott downgraded 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. HSBC upgraded 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 boosted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $261.05.

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.