Copperwynd Financial LLC Sells 73 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Copperwynd Financial LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.8% in the 4th quarter, HoldingsChannel reports. The firm owned 3,956 shares of the insurance provider’s stock after selling 73 shares during the quarter. Copperwynd Financial LLC’s holdings in Travelers Companies were worth $953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in Travelers Companies in the fourth quarter valued at $27,000. True Wealth Design LLC bought a new stake in Travelers Companies in the third quarter valued at $41,000. Asset Planning Inc bought a new stake in Travelers Companies in the fourth quarter valued at $44,000. Providence First Trust Co bought a new stake in Travelers Companies in the fourth quarter valued at $48,000. Finally, Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TRV shares. BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Barclays boosted 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. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Up 2.1 %

TRV opened at $261.26 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $59.23 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company’s 50-day moving average price is $246.26 and its two-hundred day moving average price is $245.73.

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 firm 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%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.01 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.