State of Tennessee Department of Treasury Sells 3,919 Shares of The Travelers Companies, Inc. (NYSE:TRV)

State of Tennessee Department of Treasury lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,518 shares of the insurance provider's stock after selling 3,919 shares during the quarter. State of Tennessee Department of Treasury's holdings in Travelers Companies were worth $21,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies during the 4th quarter valued at $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at about $37,000. Asset Planning Inc purchased a new position in shares of Travelers Companies during the fourth quarter worth about $44,000. Providence First Trust Co purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies during the fourth quarter valued at approximately $55,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $261.60 on Wednesday. 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's fifty day simple moving average is $252.98 and its 200 day simple moving average is $249.76. The stock has a market cap of $59.31 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the firm posted $4.69 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRV. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. UBS Group decreased their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $267.32.

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.

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