Transamerica Financial Advisors Inc. Has $1.16 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Transamerica Financial Advisors Inc. lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,801 shares of the insurance provider’s stock after selling 404 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Travelers Companies were worth $1,157,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TRV. Townsquare Capital LLC boosted its position in Travelers Companies by 52.5% during the third quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider’s stock worth $2,265,000 after purchasing an additional 3,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Travelers Companies by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider’s stock worth $26,031,000 after buying an additional 5,948 shares during the last quarter. Fiduciary Trust Co boosted its holdings in shares of Travelers Companies by 18.2% during the 3rd quarter. Fiduciary Trust Co now owns 4,331 shares of the insurance provider’s stock worth $1,014,000 after buying an additional 666 shares during the period. Public Sector Pension Investment Board grew its stake in Travelers Companies by 2.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 39,630 shares of the insurance provider’s stock valued at $9,278,000 after buying an additional 800 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Travelers Companies by 3.2% in the 3rd quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider’s stock worth $7,311,000 after acquiring an additional 965 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and increased their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Price Performance

Shares of TRV stock opened at $261.86 on Friday. The stock’s fifty day simple moving average is $250.56 and its 200 day simple moving average is $247.96. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The firm has a market cap of $59.37 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (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 company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $7.01 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s dividend payout ratio is 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.