The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by True Vision MN LLC

True Vision MN LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,777 shares of the insurance provider’s stock after selling 67 shares during the quarter. True Vision MN LLC’s holdings in Travelers Companies were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRV. Ledyard National Bank grew its stake in Travelers Companies by 1.9% during the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 39 shares in the last quarter. Trueblood Wealth Management LLC grew its position in shares of Travelers Companies by 2.3% during the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after buying an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. increased its stake in shares of Travelers Companies by 2.9% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after buying an additional 42 shares during the period. Salem Investment Counselors Inc. raised its holdings in Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Trading Down 1.1 %

Shares of TRV stock opened at $242.45 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $244.82 and a 200-day simple moving average of $240.00. The stock has a market cap of $55.04 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.08 and a beta of 0.64.

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, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during 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 company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.01 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. Barclays increased their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. 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 note on Wednesday, January 8th. Roth Mkm upped their price target on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $260.47.

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.