Bard Financial Services Inc. Trims Position in The Travelers Companies, Inc. (NYSE:TRV)

Bard Financial Services Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 84.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 965 shares of the insurance provider's stock after selling 5,220 shares during the period. Bard Financial Services Inc.'s holdings in Travelers Companies were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TRV. JPMorgan Chase & Co. grew its holdings in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider's stock worth $2,702,588,000 after purchasing an additional 3,158,979 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Travelers Companies by 356.4% during the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider's stock worth $176,589,000 after acquiring an additional 678,241 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in Travelers Companies during the 1st quarter worth about $88,190,000. Point72 Asset Management L.P. grew its holdings in Travelers Companies by 6,167.2% during the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider's stock worth $63,596,000 after acquiring an additional 328,527 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Travelers Companies by 324.9% during the 2nd quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider's stock worth $61,324,000 after acquiring an additional 230,612 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company's stock, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.33% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Morgan Stanley dropped their target price on shares of Travelers Companies from $220.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an "underweight" rating in a research report on Thursday, July 11th. Piper Sandler decreased their price target on shares of Travelers Companies from $213.00 to $207.00 and set a "neutral" rating for the company in a research report on Monday, July 22nd. Royal Bank of Canada reissued a "sector perform" rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. Finally, Bank of America increased their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an "underperform" rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $227.05.

Travelers Companies Stock Performance

NYSE:TRV traded up $2.91 during midday trading on Friday, hitting $236.21. The company's stock had a trading volume of 650,285 shares, compared to its average volume of 1,264,064. The firm has a market cap of $53.84 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $243.48. The firm's 50 day moving average is $226.20 and its 200-day moving average is $218.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts' consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.16 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were paid a dividend of $1.05 per share. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. Travelers Companies's payout ratio is 31.20%.

About Travelers Companies

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.