Levin Capital Strategies L.P. Sells 100 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Levin Capital Strategies L.P. lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,552 shares of the insurance provider’s stock after selling 100 shares during the period. Levin Capital Strategies L.P.’s holdings in Travelers Companies were worth $2,301,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $50,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRV. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Piper Sandler raised shares of 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. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Trading Up 1.5 %

TRV opened at $258.65 on Friday. The stock has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The firm’s fifty day simple moving average is $243.21 and its 200 day simple moving average is $243.20. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Announces Dividend

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 $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. 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.