Boston Partners Sells 6,866 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Boston Partners cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,233,978 shares of the insurance provider’s stock after selling 6,866 shares during the quarter. Boston Partners owned about 0.54% of Travelers Companies worth $297,282,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $27,000. True Wealth Design LLC acquired a new stake in Travelers Companies during the third quarter worth approximately $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the 4th quarter valued at $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies during the 4th quarter worth $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies during the fourth quarter worth about $55,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.7 %

Shares of TRV stock opened at $265.28 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $60.15 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 4.65 and a beta of 0.60. The stock has a 50-day moving average of $246.73 and a 200-day moving average of $246.31.

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, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.01 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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 issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.58%. Travelers Companies’s payout ratio is 19.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRV. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently 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.