The Travelers Companies, Inc. (NYSE:TRV) Stock Position Lowered by 1ST Source Bank

1ST Source Bank lessened its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,841 shares of the insurance provider’s stock after selling 175 shares during the quarter. 1ST Source Bank’s holdings in Travelers Companies were worth $3,575,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the 4th quarter worth $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies in the 4th quarter worth $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies in the 4th quarter worth $48,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Travelers Companies in the 4th quarter worth $55,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. 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. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $261.26 on Monday. The business’s 50-day moving average price is $246.26 and its two-hundred day moving average price is $246.03. 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 one year low of $200.21 and a one year high of $269.56. The company has a market capitalization of $59.23 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 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 firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company posted $7.01 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share 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. Shareholders of record on Monday, March 10th will be given 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 1.61%. Travelers Companies’s dividend payout ratio is currently 19.56%.

About Travelers Companies

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.