JNBA Financial Advisors Sells 50 Shares of The Travelers Companies, Inc. (NYSE:TRV)

JNBA Financial Advisors decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,018 shares of the insurance provider’s stock after selling 50 shares during the period. JNBA Financial Advisors’ holdings in Travelers Companies were worth $727,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TRV. Secured Retirement Advisors LLC increased its holdings in Travelers Companies by 8.1% during the 4th quarter. Secured Retirement Advisors LLC now owns 1,001 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 75 shares during the period. Allworth Financial LP grew its position in shares of Travelers Companies by 35.8% in the 4th quarter. Allworth Financial LP now owns 5,958 shares of the insurance provider’s stock worth $1,470,000 after buying an additional 1,571 shares during the last quarter. Principal Securities Inc. increased its stake in shares of Travelers Companies by 13.5% during the fourth quarter. Principal Securities Inc. now owns 2,983 shares of the insurance provider’s stock valued at $719,000 after buying an additional 354 shares during the period. bLong Financial LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $207,000. Finally, AustralianSuper Pty Ltd purchased a new stake in Travelers Companies in the fourth quarter worth $5,906,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The shares were 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 directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRV shares. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $260.47.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $238.25 on Friday. The firm has a market cap of $54.09 billion, a P/E ratio of 11.10, a PEG ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $242.76 and a 200 day moving average of $240.63.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared 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 of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio is presently 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.