The Travelers Companies, Inc. (NYSE:TRV) Position Reduced by Rhumbline Advisers

Rhumbline Advisers decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 431,073 shares of the insurance provider's stock after selling 8,766 shares during the period. Rhumbline Advisers owned 0.19% of Travelers Companies worth $103,841,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth about $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $44,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $50,000. Finally, Versant Capital Management Inc increased its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

NYSE TRV traded up $3.78 during trading hours on Wednesday, reaching $242.18. The company's stock had a trading volume of 1,330,139 shares, compared to its average volume of 1,353,023. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The stock has a market cap of $54.91 billion, a PE ratio of 11.28, a PEG ratio of 1.14 and a beta of 0.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $242.28 and a 200 day simple moving average of $241.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. Travelers Companies's quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that The Travelers Companies, Inc. will post 18.78 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TRV shares. Barclays boosted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Travelers Companies from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $275.00 to $286.00 in a research report on Wednesday. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $261.05.

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 shares were 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 directly owns 250,384 shares of the company's stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.33% of the company's stock.

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.