The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,183 shares of the insurance provider’s stock after selling 414 shares during the quarter. Securian Asset Management Inc.’s holdings in Travelers Companies were worth $2,935,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Assetmark Inc. grew its holdings in shares of Travelers Companies by 2.5% during the 3rd quarter. Assetmark Inc. now owns 2,721 shares of the insurance provider’s stock worth $637,000 after purchasing an additional 67 shares during the period. Atria Investments Inc acquired a new position in Travelers Companies during the third quarter valued at approximately $4,884,000. Ashton Thomas Securities LLC purchased a new stake in Travelers Companies during the third quarter worth approximately $156,000. Apollon Wealth Management LLC increased its position in shares of Travelers Companies by 14.9% in the third quarter. Apollon Wealth Management LLC now owns 3,945 shares of the insurance provider’s stock worth $924,000 after acquiring an additional 511 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of Travelers Companies by 4.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,641 shares of the insurance provider’s stock valued at $384,000 after acquiring an additional 76 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TRV. Piper Sandler raised 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. HSBC raised 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. 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 research report on Thursday, January 23rd. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Down 0.9 %

Shares of Travelers Companies stock opened at $252.30 on Thursday. 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 firm has a market cap of $57.20 billion, a P/E ratio of 11.75, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The business has a 50-day moving average price of $245.58 and a 200 day moving average price of $245.39.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.01 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.