Argent Advisors Inc. Has $1.89 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Argent Advisors Inc. lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,838 shares of the insurance provider's stock after selling 1,717 shares during the quarter. Argent Advisors Inc.'s holdings in Travelers Companies were worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC raised its stake in Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC raised its position in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after buying an additional 43 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after buying an additional 44 shares during the period. Somerset Trust Co grew its position in Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after buying an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Travelers Companies by 3.8% during the third quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider's stock valued at $294,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price target for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $261.05.

Travelers Companies Stock Down 1.1 %

TRV traded down $2.84 during trading on Friday, hitting $256.70. The company had a trading volume of 3,669,046 shares, compared to its average volume of 1,184,396. The company has a market capitalization of $58.20 billion, a PE ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The firm's 50-day moving average price is $247.81 and its 200 day moving average price is $246.73.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly 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 company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $7.01 earnings per share. The company's quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. 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 dividend payout ratio (DPR) is presently 19.56%.

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.