Smith Moore & CO. Sells 110 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Smith Moore & CO. lessened its holdings in shares of 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. The firm owned 1,525 shares of the insurance provider’s stock after selling 110 shares during the quarter. Smith Moore & CO.’s holdings in Travelers Companies were worth $367,000 at the end of the most recent quarter.

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

Travelers Companies Price Performance

Shares of TRV opened at $242.64 on Friday. The stock has a market capitalization of $55.01 billion, a PE ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48. The company has a 50 day moving average price of $252.38 and a 200-day moving average price of $248.74. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating 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 business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the firm posted $7.01 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts predict 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research report on Monday, March 24th. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $260.00.

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.