The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Asset Dedication LLC

Asset Dedication LLC cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,110 shares of the insurance provider’s stock after selling 3,236 shares during the period. Asset Dedication LLC’s holdings in Travelers Companies were worth $4,942,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares during the period. Acadian Asset Management LLC raised its position in Travelers Companies by 356.4% in the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after purchasing an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in shares of Travelers Companies during the first quarter worth about $88,190,000. Renaissance Technologies LLC boosted its position in shares of Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock worth $61,324,000 after buying an additional 230,612 shares during the period. Finally, Boston Partners raised its holdings in shares of Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock valued at $319,348,000 after buying an additional 196,011 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.3 %

Shares of NYSE:TRV opened at $240.91 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $54.91 billion, a PE ratio of 15.23, a P/E/G ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $243.63. The firm has a fifty day moving average price of $229.08 and a 200 day moving average price of $218.90.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.08 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were paid a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s payout ratio is 26.55%.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on TRV. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a report on Wednesday, October 9th. UBS Group raised their target price on Travelers Companies from $238.00 to $244.00 and gave the company a “neutral” rating in a research note on Tuesday. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, Piper Sandler reduced their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $231.63.

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.