The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,382 shares of the insurance provider’s stock after selling 97 shares during the period. Transcend Capital Advisors LLC’s holdings in Travelers Companies were worth $574,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TRV. Allspring Global Investments Holdings LLC grew its position in shares of Travelers Companies by 36.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after acquiring an additional 4,474 shares during the last quarter. Foundations Investment Advisors LLC grew its position in shares of Travelers Companies by 87.2% during the third quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 962 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after acquiring an additional 518,075 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Travelers Companies by 1,167.4% during the third quarter. Assenagon Asset Management S.A. now owns 85,020 shares of the insurance provider’s stock worth $19,905,000 after acquiring an additional 78,312 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its position in shares of Travelers Companies by 8.9% during the third quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock worth $404,000 after acquiring an additional 141 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $239.90 on Friday. 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 Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The firm has a market capitalization of $54.39 billion, a PE ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64. The firm has a 50-day moving average of $242.04 and a two-hundred day moving average of $241.74.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the firm earned $7.01 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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 paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analysts Set New Price Targets

TRV has been the subject of several recent research reports. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Wells Fargo & Company increased 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $261.05.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

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.