The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,870 shares of the insurance provider’s stock after selling 125 shares during the quarter. Principle Wealth Partners LLC’s holdings in Travelers Companies were worth $4,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. International Assets Investment Management LLC lifted its stake in Travelers Companies by 23,378.8% in the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after buying an additional 518,075 shares in the last quarter. Bank of Montreal Can boosted its holdings in Travelers Companies by 66.9% in the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after buying an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Travelers Companies during the 3rd quarter worth approximately $54,988,000. Finally, Janus Henderson Group PLC raised its holdings in shares of Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after acquiring an additional 232,428 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $242.45 on Tuesday. The firm has a 50-day simple moving average of $244.82 and a two-hundred day simple moving average of $240.00. The stock has a market cap of $55.04 billion, a PE ratio of 11.29, a P/E/G ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm earned $7.01 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.57 EPS for the current year.

Travelers Companies Announces Dividend

The company 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 1.73%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. 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. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $260.47.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm’s 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 transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s 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 sale, the insider now directly owns 250,384 shares in the company, valued at $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.

About Travelers Companies

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.