Interchange Capital Partners LLC Sells 76 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Interchange Capital Partners LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,351 shares of the insurance provider’s stock after selling 76 shares during the quarter. Interchange Capital Partners LLC’s holdings in Travelers Companies were worth $566,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TRV. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter valued at about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter valued at about $37,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $44,000. Finally, Providence First Trust Co bought a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $48,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 1.1 %

Shares of NYSE TRV opened at $256.70 on Monday. The company has a market capitalization of $58.20 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. 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 company’s 50 day moving average price is $248.29 and its 200-day moving average price is $247.17.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for 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 company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.01 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business 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 dividend yield of 1.64%. Travelers Companies’s payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. 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 report on Tuesday, December 10th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating 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 price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.