The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Keybank National Association OH

Keybank National Association OH reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,704 shares of the insurance provider's stock after selling 1,043 shares during the period. Keybank National Association OH's holdings in Travelers Companies were worth $16,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TRV. Farther Finance Advisors LLC lifted its stake in shares of Travelers Companies by 8.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider's stock valued at $588,000 after purchasing an additional 189 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Travelers Companies by 23.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider's stock valued at $428,000 after purchasing an additional 318 shares during the period. Confluence Wealth Services Inc. acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $209,000. National Pension Service lifted its stake in shares of Travelers Companies by 12.3% in the 3rd quarter. National Pension Service now owns 674,518 shares of the insurance provider's stock valued at $157,918,000 after purchasing an additional 73,888 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in shares of Travelers Companies by 14.0% in the 3rd quarter. QRG Capital Management Inc. now owns 62,534 shares of the insurance provider's stock valued at $14,641,000 after purchasing an additional 7,689 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.9 %

TRV stock traded up $2.27 during mid-day trading on Wednesday, hitting $257.97. 1,095,254 shares of the company were exchanged, compared to its average volume of 1,343,816. 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 firm has a market capitalization of $58.49 billion, a P/E ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60. The business has a fifty day simple moving average of $244.16 and a 200-day simple moving average of $244.09. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

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 for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during 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%. Travelers Companies's revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $7.01 earnings per share. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal 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 paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Four research 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's stock. According to data from MarketBeat, Travelers Companies has an average rating of "Hold" and an average price target of $261.05.

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.