The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,119,149 shares of the insurance provider’s stock after selling 98,353 shares during the period. Travelers Companies accounts for about 0.8% of Clearbridge Investments LLC’s investment portfolio, making the stock its 18th biggest holding. Clearbridge Investments LLC’s holdings in Travelers Companies were worth $992,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in Travelers Companies during the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $37,000. True Wealth Design LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth $44,000. Finally, Providence First Trust Co acquired a new position in Travelers Companies during the 4th quarter valued at about $48,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 0.3 %

TRV opened at $261.86 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a market capitalization of $59.37 billion, a P/E ratio of 12.20, a P/E/G ratio of 4.65 and a beta of 0.60. 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 firm’s fifty day moving average price is $250.56 and its two-hundred day moving average price is $247.96.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business posted $7.01 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 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. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. HSBC cut 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, March 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $260.00.

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.