Sei Investments Co. Sells 16,561 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Sei Investments Co. lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.5% during the 4th quarter, HoldingsChannel reports. The fund owned 157,798 shares of the insurance provider’s stock after selling 16,561 shares during the period. Sei Investments Co.’s holdings in Travelers Companies were worth $38,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. YANKCOM Partnership bought a new stake in Travelers Companies in the fourth quarter worth $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter worth about $37,000. True Wealth Design LLC bought a new position in Travelers Companies in the 3rd quarter worth about $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the 4th quarter valued at about $44,000. Finally, Providence First Trust Co purchased a new position in Travelers Companies in the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.2 %

NYSE TRV opened at $259.70 on Tuesday. The stock’s 50-day moving average price is $248.83 and its 200-day moving average price is $247.37. The company has a market capitalization of $58.88 billion, a P/E ratio of 12.10, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last released its 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 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%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.01 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barclays lifted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $260.00.

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.