New Vernon Investment Management LLC Sells 11,520 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New Vernon Investment Management LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 79.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,985 shares of the insurance provider's stock after selling 11,520 shares during the period. Travelers Companies accounts for approximately 0.4% of New Vernon Investment Management LLC's portfolio, making the stock its 24th largest position. New Vernon Investment Management LLC's holdings in Travelers Companies were worth $681,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC increased its stake in Travelers Companies by 25.6% in the third quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock valued at $3,978,000 after purchasing an additional 3,462 shares during the last quarter. Tudor Financial Inc. purchased a new stake in shares of Travelers Companies in the 3rd quarter valued at about $983,000. World Investment Advisors LLC acquired a new position in Travelers Companies during the third quarter worth approximately $501,000. Arvest Bank Trust Division acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $16,344,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Travelers Companies during the third quarter worth approximately $2,174,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company increased their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Stock Down 0.5 %

TRV stock traded down $1.21 during trading on Friday, reaching $259.19. The stock had a trading volume of 1,087,926 shares, compared to its average volume of 1,291,018. The company has a market capitalization of $58.72 billion, a P/E ratio of 12.07, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. 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 firm has a fifty day moving average price of $254.27 and a 200 day moving average price of $250.51.

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

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

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.