The Travelers Companies, Inc. (NYSE:TRV) Stake Cut by Trillium Asset Management LLC

Trillium Asset Management LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 176,466 shares of the insurance provider’s stock after selling 8,371 shares during the quarter. Travelers Companies accounts for about 1.1% of Trillium Asset Management LLC’s investment portfolio, making the stock its 19th largest holding. Trillium Asset Management LLC’s holdings in Travelers Companies were worth $42,509,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Enhancing Capital LLC bought a new position in Travelers Companies during the fourth quarter worth $289,000. Generali Asset Management SPA SGR bought a new stake in Travelers Companies in the fourth quarter valued at $3,304,000. Evoke Wealth LLC bought a new stake in Travelers Companies in the fourth quarter valued at $282,000. Horizon Investments LLC lifted its stake in Travelers Companies by 1.7% in the fourth quarter. Horizon Investments LLC now owns 12,174 shares of the insurance provider’s stock valued at $2,933,000 after buying an additional 205 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Travelers Companies by 1.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 17,331 shares of the insurance provider’s stock valued at $4,268,000 after buying an additional 323 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE:TRV opened at $260.17 on Wednesday. The business’s 50-day moving average price is $247.11 and its 200 day moving average price is $246.54. The firm has a market cap of $58.99 billion, a P/E ratio of 12.12, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company earned $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRV shares. 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, January 23rd. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price 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.