Leuthold Group LLC Decreases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Leuthold Group LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,025 shares of the insurance provider’s stock after selling 622 shares during the quarter. Leuthold Group LLC’s holdings in Travelers Companies were worth $4,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in shares of Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after purchasing an additional 120,228 shares during the period. FMR LLC lifted its stake in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after buying an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after buying an additional 10,285 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Travelers Companies by 4.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock worth $254,169,000 after buying an additional 41,683 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $286.00 in a report on Wednesday. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. 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 price target on the stock in a research note on Tuesday, December 10th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $261.05.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV stock opened at $239.90 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. 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 firm has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64. The stock’s 50-day simple moving average is $242.04 and its 200-day simple moving average is $241.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.01 earnings per share. As a group, equities analysts forecast 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 announced 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 1.75%. 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.