Mendel Money Management Sells 53 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mendel Money Management trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,762 shares of the insurance provider’s stock after selling 53 shares during the quarter. Mendel Money Management’s holdings in Travelers Companies were worth $665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the 4th quarter worth about $27,000. Generali Investments Management Co LLC bought a new position in shares of Travelers Companies in the fourth quarter worth $37,000. True Wealth Design LLC acquired a new position in Travelers Companies in the third quarter valued at about $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the fourth quarter worth about $44,000. Finally, Providence First Trust Co acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $48,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV opened at $259.50 on Wednesday. The business’s fifty day moving average is $249.27 and its 200 day moving average is $247.54. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month 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. The stock has a market cap of $58.84 billion, a P/E ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued 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 firm had revenue of $12.01 billion during 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%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $7.01 earnings per share. Sell-side analysts anticipate 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. 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 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company boosted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company 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, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Company 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.