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

RWA Wealth Partners LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,267 shares of the insurance provider’s stock after selling 78 shares during the period. RWA Wealth Partners LLC’s holdings in Travelers Companies were worth $305,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

Shares of TRV stock opened at $264.51 on Wednesday. The company has a market capitalization of $59.97 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company’s 50 day moving average price is $251.56 and its two-hundred day moving average price is $248.47.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 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 analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $7.01 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. Travelers Companies’s payout ratio 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.