The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 31.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,736 shares of the insurance provider’s stock after selling 4,472 shares during the period. Congress Wealth Management LLC DE’s holdings in Travelers Companies were worth $2,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the 4th quarter worth $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $37,000. True Wealth Design LLC purchased a new position in Travelers Companies during the third quarter worth about $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the 4th quarter valued at about $44,000. Finally, Providence First Trust Co purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $48,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRV. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $261.73 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $59.34 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The stock’s 50-day moving average is $249.70 and its two-hundred day moving average is $247.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping 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 firm had revenue of $12.01 billion for 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% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies’s payout ratio is currently 19.56%.

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.