Applied Finance Capital Management LLC Has $45.12 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Applied Finance Capital Management LLC cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 187,289 shares of the insurance provider's stock after selling 1,631 shares during the quarter. Travelers Companies comprises about 2.0% of Applied Finance Capital Management LLC's investment portfolio, making the stock its 21st biggest holding. Applied Finance Capital Management LLC owned 0.08% of Travelers Companies worth $45,116,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter worth $560,918,000. Raymond James Financial Inc. acquired a new stake in Travelers Companies during the 4th quarter worth about $138,619,000. Proficio Capital Partners LLC purchased a new stake in Travelers Companies during the fourth quarter valued at about $96,012,000. Bryn Mawr Capital Management LLC boosted its stake in Travelers Companies by 15,056.4% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock worth $57,394,000 after purchasing an additional 236,686 shares during the period. Finally, FMR LLC boosted its position in shares of Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after buying an additional 229,160 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and upped their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company upgraded shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $225.00 to $247.00 in a research note on Wednesday. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Finally, UBS Group reduced their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average price target of $263.37.

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Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $0.21 on Friday, reaching $244.96. The stock had a trading volume of 1,367,015 shares, compared to its average volume of 1,304,761. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The business's 50-day moving average price is $251.59 and its two-hundred day moving average price is $248.93. 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 stock has a market cap of $55.54 billion, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.01 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.

Travelers Companies Company 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.