Prudential PLC Sells 13,897 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Prudential PLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 28.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,490 shares of the insurance provider’s stock after selling 13,897 shares during the period. Prudential PLC’s holdings in Travelers Companies were worth $8,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. YANKCOM Partnership purchased a new position in Travelers Companies during the 4th quarter valued at $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the fourth quarter worth about $44,000. Providence First Trust Co purchased a new position in Travelers Companies in the 4th quarter worth about $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies during the 4th quarter valued at about $55,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Price Performance

Shares of TRV stock opened at $242.64 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48. The stock’s 50-day simple moving average is $252.38 and its 200-day simple moving average is $248.69.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business posted $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies’s payout ratio is currently 19.56%.

Travelers Companies 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.