The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Smith Moore & CO.

Smith Moore & CO. reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,525 shares of the insurance provider’s stock after selling 110 shares during the period. Smith Moore & CO.’s holdings in Travelers Companies were worth $367,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Unison Advisors LLC grew its stake in shares of Travelers Companies by 0.4% during the 4th quarter. Unison Advisors LLC now owns 15,307 shares of the insurance provider’s stock worth $3,687,000 after purchasing an additional 66 shares during the period. Yoffe Investment Management LLC purchased a new position in Travelers Companies during the fourth quarter worth approximately $1,202,000. Pitcairn Co. increased its position in shares of Travelers Companies by 4.3% in the fourth quarter. Pitcairn Co. now owns 3,863 shares of the insurance provider’s stock valued at $931,000 after buying an additional 158 shares in the last quarter. Biltmore Family Office LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $201,000. Finally, OneAscent Financial Services LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $247,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock opened at $242.64 on Friday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The business’s 50-day moving average is $252.38 and its two-hundred day moving average is $248.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 was up 9.9% on a year-over-year basis. During the same period last year, the business earned $7.01 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $260.00.

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.