Asset Management One Co. Ltd. Sells 3,324 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Asset Management One Co. Ltd. lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 189,261 shares of the insurance provider's stock after selling 3,324 shares during the quarter. Asset Management One Co. Ltd. owned about 0.08% of Travelers Companies worth $45,689,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter worth about $27,000. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after buying an additional 45 shares during the period. True Wealth Design LLC purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $50,000. Finally, Versant Capital Management Inc lifted its position in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after acquiring an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE TRV traded down $0.48 on Tuesday, reaching $237.82. 1,121,746 shares of the company's stock traded hands, compared to its average volume of 1,353,763. The stock has a market cap of $53.99 billion, a PE ratio of 11.08, a P/E/G ratio of 1.08 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 stock has a 50-day simple moving average of $242.48 and a 200 day simple moving average of $241.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results 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 company had revenue of $12.01 billion for 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 firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 20.57 earnings per share for the current year.

Travelers Companies Announces Dividend

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 issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.77%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Piper Sandler upgraded 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 research report on Friday, January 24th. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a report on Tuesday, December 10th. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a "market perform" rating in a research note on Monday, January 27th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $260.47.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company's stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is owned by corporate insiders.

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.