Global Retirement Partners LLC Sells 130 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Global Retirement Partners LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,629 shares of the insurance provider’s stock after selling 130 shares during the period. Global Retirement Partners LLC’s holdings in Travelers Companies were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Elevate Capital Advisors LLC bought a new position in Travelers Companies in the 4th quarter valued at $4,627,000. Franklin Resources Inc. raised its holdings in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after buying an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares in the last quarter. Czech National Bank lifted its position in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter worth about $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV opened at $239.90 on Monday. The stock has a market cap of $54.39 billion, a P/E ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. 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 company has a fifty day simple moving average of $242.04 and a 200 day simple moving average of $241.97.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.01 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Four equities 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 given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average 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.