First National Advisers LLC Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

First National Advisers LLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 9.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,892 shares of the insurance provider’s stock after selling 780 shares during the period. First National Advisers LLC’s holdings in Travelers Companies were worth $1,901,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $138,619,000. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $96,012,000. Bank of Montreal Can increased its stake in Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after acquiring an additional 282,884 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC boosted its position in shares of Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after buying an additional 236,686 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

TRV opened at $261.26 on Friday. 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 company 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 company’s fifty day moving average price is $246.26 and its two-hundred day moving average price is $245.88.

Travelers Companies (NYSE:TRV) last posted its earnings results 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company boosted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average 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.