First American Trust FSB Sells 149 Shares of The Travelers Companies, Inc. (NYSE:TRV)

First American Trust FSB lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,763 shares of the insurance provider’s stock after selling 149 shares during the period. First American Trust FSB’s holdings in Travelers Companies were worth $425,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Elevate Capital Advisors LLC bought a new position in Travelers Companies during the 4th quarter worth $4,627,000. Erste Asset Management GmbH grew its holdings in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after purchasing an additional 100 shares in the last quarter. Franklin Resources Inc. raised its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Czech National Bank lifted its position in Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.0 %

Shares of TRV stock opened at $259.50 on Wednesday. The stock has a 50-day moving average of $249.27 and a 200-day moving average of $247.54. 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 stock has a market cap of $58.84 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year 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 (EPS) 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 the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a report on Monday. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.