Amalgamated Bank Sells 793 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Amalgamated Bank lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,025 shares of the insurance provider’s stock after selling 793 shares during the quarter. Amalgamated Bank’s holdings in Travelers Companies were worth $10,605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter worth $27,000. True Wealth Design LLC bought a new position in Travelers Companies in the 3rd quarter worth about $41,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter worth about $44,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.7 %

Shares of Travelers Companies stock opened at $252.35 on Wednesday. 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 stock has a market capitalization of $57.21 billion, a PE ratio of 11.75, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company’s fifty day simple moving average is $242.25 and its 200-day simple moving average is $242.51.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRV. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $261.05.

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.