RWA Wealth Partners LLC Sells 78 Shares of The Travelers Companies, Inc. (NYSE:TRV)

RWA Wealth Partners LLC reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,267 shares of the insurance provider’s stock after selling 78 shares during the quarter. RWA Wealth Partners LLC’s holdings in Travelers Companies were worth $305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $37,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $55,000. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company 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, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

NYSE TRV opened at $264.51 on Wednesday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The firm has a 50-day moving average price of $251.56 and a two-hundred day moving average price of $248.47. The company has a market capitalization of $59.97 billion, a P/E ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.01 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Travelers Companies 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.