Principal Financial Group Inc. Has $67.22 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Principal Financial Group Inc. trimmed its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 279,033 shares of the insurance provider's stock after selling 2,430 shares during the quarter. Principal Financial Group Inc. owned 0.12% of Travelers Companies worth $67,216,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TRV. Allspring Global Investments Holdings LLC lifted its holdings in shares of Travelers Companies by 36.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider's stock valued at $3,894,000 after acquiring an additional 4,474 shares in the last quarter. Ledyard National Bank boosted its position in shares of Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider's stock worth $484,000 after buying an additional 39 shares during the period. Foundations Investment Advisors LLC grew its stake in shares of Travelers Companies by 87.2% in the third quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider's stock valued at $484,000 after buying an additional 962 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Travelers Companies by 43.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,341 shares of the insurance provider's stock valued at $2,421,000 after buying an additional 3,122 shares during the period. Finally, Eastern Bank acquired a new position in Travelers Companies during the 3rd quarter worth approximately $629,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 0.6 %

Shares of Travelers Companies stock traded down $1.34 on Friday, hitting $239.90. 1,250,687 shares of the company traded hands, compared to its average volume of 1,131,567. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a 50-day moving average price of $242.04 and a 200 day moving average price of $241.51. The company has a market cap of $54.39 billion, a PE ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate 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 last year, the firm earned $7.01 earnings per share. The company's revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is 19.56%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $275.00 to $286.00 in a research report on Wednesday. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $261.05.

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.