The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Lowered by Cibc World Markets Corp

Cibc World Markets Corp lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 177,233 shares of the insurance provider's stock after selling 11,578 shares during the period. Cibc World Markets Corp owned about 0.08% of Travelers Companies worth $42,694,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. State Street Corp raised its stake in shares of Travelers Companies by 0.8% in the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the period. FMR LLC raised its stake in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Geode Capital Management LLC raised its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after acquiring an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Travelers Companies by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after acquiring an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake in shares of Travelers Companies by 4.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after acquiring an additional 51,589 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Wall Street Analyst Weigh In

A number of research firms recently weighed in on TRV. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. HSBC raised shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $261.05.

Travelers Companies Stock Performance

NYSE:TRV traded down $1.96 during mid-day trading on Thursday, hitting $259.36. The stock had a trading volume of 1,418,107 shares, compared to its average volume of 1,174,956. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market capitalization of $58.80 billion, a price-to-earnings ratio of 12.08, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a 50 day simple moving average of $247.48 and a 200-day simple moving average of $246.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 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 company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the firm earned $7.01 EPS. Travelers Companies's revenue was up 9.9% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies's dividend payout ratio (DPR) is 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.