Good Life Advisors LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 44.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 935 shares of the insurance provider’s stock after selling 740 shares during the quarter. Good Life Advisors LLC’s holdings in Travelers Companies were worth $225,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. FMR LLC boosted its holdings in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of 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 worth $121,811,000 after buying an additional 518,075 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of 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 position in shares of Travelers Companies in the 3rd quarter worth about $54,988,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after buying an additional 232,428 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Travelers Companies
In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.33% of the company’s stock.
Travelers Companies Stock Down 0.6 %
Travelers Companies (NYSE:TRV – Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $7.01 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.
Wall Street Analyst Weigh In
TRV has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $261.05.
Get Our Latest Stock Report on TRV
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.
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