Aviva PLC Sells 132,621 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Aviva PLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 49.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,301 shares of the insurance provider's stock after selling 132,621 shares during the quarter. Aviva PLC owned approximately 0.06% of Travelers Companies worth $33,074,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in TRV. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after buying an additional 117,108 shares during the last quarter. Geode Capital Management LLC raised its holdings in Travelers Companies by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after acquiring an additional 182,270 shares in the last quarter. Norges Bank acquired a new position in Travelers Companies during the fourth quarter valued at approximately $560,918,000. Charles Schwab Investment Management Inc. grew its stake in Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after purchasing an additional 26,117 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of Travelers Companies by 4.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock worth $286,475,000 after purchasing an additional 51,589 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRV shares. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company upgraded shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $225.00 to $247.00 in a research note on Wednesday. Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $286.00 to $274.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $261.89.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $0.65 during trading on Friday, reaching $244.53. The company's stock had a trading volume of 325,140 shares, compared to its average volume of 1,299,302. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The firm has a market cap of $55.44 billion, a PE ratio of 11.37, a P/E/G ratio of 4.65 and a beta of 0.48. The business's 50-day moving average price is $251.58 and its 200-day moving average price is $248.78. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 EPS. The business's revenue was up 9.9% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. 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.