International Assets Investment Management LLC Sells 518,247 Shares of The Travelers Companies, Inc. (NYSE:TRV)

International Assets Investment Management LLC decreased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 99.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,044 shares of the insurance provider's stock after selling 518,247 shares during the quarter. International Assets Investment Management LLC's holdings in Travelers Companies were worth $492,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Y.D. More Investments Ltd purchased a new position in shares of Travelers Companies in the second quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its position in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 45 shares during the period. True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on TRV shares. Wells Fargo & Company restated an "underweight" rating and issued a $217.00 price target (down previously from $256.00) on shares of Travelers Companies in a research report on Wednesday, December 11th. Roth Mkm increased their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Piper Sandler reduced their price objective on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, BMO Capital Markets raised their price objective on shares of Travelers Companies from $233.00 to $270.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $254.85.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $65,237,551.20. The trade was a 1.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares in the company, valued at approximately $57,726,870.88. This represents a 15.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,149 shares of company stock worth $20,295,856. Company insiders own 1.33% of the company's stock.

Travelers Companies Price Performance

TRV stock traded down $10.24 during trading on Friday, hitting $232.53. 1,818,403 shares of the company's stock traded hands, compared to its average volume of 1,309,512. The Travelers Companies, Inc. has a 52 week low of $191.88 and a 52 week high of $269.55. The stock has a market capitalization of $52.79 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.17 and a beta of 0.65. The business has a fifty day simple moving average of $250.73 and a 200 day simple moving average of $234.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The insurance provider reported $5.24 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm had revenue of $11.90 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same quarter last year, the firm earned $1.95 EPS. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Tuesday, December 10th. Travelers Companies's dividend payout ratio is currently 21.54%.

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.