The Travelers Companies, Inc. (NYSE:TRV) Position Reduced by Global Retirement Partners LLC

Global Retirement Partners LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Travelers Companies by 36.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after purchasing an additional 4,474 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Travelers Companies by 1,167.4% in the third quarter. Assenagon Asset Management S.A. now owns 85,020 shares of the insurance provider’s stock worth $19,905,000 after buying an additional 78,312 shares during the period. Mount Yale Investment Advisors LLC grew its holdings in shares of Travelers Companies by 8.9% during the third quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock valued at $404,000 after buying an additional 141 shares in the last quarter. Highland Capital Management LLC acquired a new position in Travelers Companies during the third quarter valued at $214,000. Finally, Allworth Financial LP lifted its stake in Travelers Companies by 17.3% in the 3rd quarter. Allworth Financial LP now owns 4,387 shares of the insurance provider’s stock worth $1,027,000 after acquiring an additional 648 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded 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. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Stock Down 0.6 %

Travelers Companies stock opened at $239.90 on Monday. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The firm has a fifty day moving average price of $242.04 and a two-hundred day moving average price of $241.97. The firm has a market cap of $54.39 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during 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%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.01 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. Travelers Companies’s payout ratio is 19.56%.

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.