The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 884,627 shares of the insurance provider’s stock after selling 6,283 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Travelers Companies were worth $213,098,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TRV. Dynamic Advisor Solutions LLC boosted its stake in Travelers Companies by 3.3% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,657 shares of the insurance provider’s stock worth $1,324,000 after buying an additional 180 shares during the last quarter. Atomi Financial Group Inc. lifted its stake in shares of Travelers Companies by 25.4% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,442 shares of the insurance provider’s stock valued at $572,000 after purchasing an additional 495 shares in the last quarter. Brookstone Capital Management lifted its stake in shares of Travelers Companies by 8.9% in the 3rd quarter. Brookstone Capital Management now owns 1,438 shares of the insurance provider’s stock valued at $337,000 after purchasing an additional 117 shares in the last quarter. Wedmont Private Capital lifted its stake in shares of Travelers Companies by 15.1% in the 3rd quarter. Wedmont Private Capital now owns 2,425 shares of the insurance provider’s stock valued at $548,000 after purchasing an additional 319 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of Travelers Companies by 14.4% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 2,149 shares of the insurance provider’s stock valued at $503,000 after purchasing an additional 271 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV opened at $245.13 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The firm has a market cap of $55.65 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.07 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average of $245.24 and a 200-day moving average of $239.28.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TRV shares. Roth Mkm lifted their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, 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. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $260.47.

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.