The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Xponance Inc.

Xponance Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.9% in the fourth quarter, Holdings Channel reports. The firm owned 32,096 shares of the insurance provider’s stock after selling 284 shares during the quarter. Xponance Inc.’s holdings in Travelers Companies were worth $7,732,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership acquired a new position in Travelers Companies in the fourth quarter valued at approximately $27,000. True Wealth Design LLC acquired a new position in Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the fourth quarter valued at approximately $44,000. Providence First Trust Co acquired a new position in Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new position in Travelers Companies in the fourth quarter valued at approximately $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE TRV opened at $261.50 on Thursday. The stock has a market capitalization of $59.29 billion, a P/E ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The business’s fifty day moving average is $247.48 and its two-hundred day moving average is $246.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating 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 return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.01 earnings per share. On average, research 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Ratings Changes

A number of equities analysts have commented on TRV shares. Piper Sandler upgraded 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 note on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Barclays boosted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $261.05.

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.