The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Te Ahumairangi Investment Management Ltd

Te Ahumairangi Investment Management Ltd decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,246 shares of the insurance provider's stock after selling 3,881 shares during the quarter. Travelers Companies comprises about 1.3% of Te Ahumairangi Investment Management Ltd's investment portfolio, making the stock its 22nd largest position. Te Ahumairangi Investment Management Ltd's holdings in Travelers Companies were worth $6,322,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TRV. Elevate Capital Advisors LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $4,627,000. Erste Asset Management GmbH boosted its stake in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after purchasing an additional 100 shares during the period. Franklin Resources Inc. grew its holdings in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after purchasing an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider's stock worth $4,248,000 after purchasing an additional 4,665 shares during the last quarter. Finally, Czech National Bank boosted its position in shares of Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after buying an additional 2,792 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Barclays lifted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. 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 report on Monday, March 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $260.00.

Travelers Companies Stock Performance

Shares of NYSE TRV traded down $20.46 during midday trading on Friday, reaching $242.64. The company had a trading volume of 2,471,769 shares, compared to its average volume of 1,287,448. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The business's 50-day simple moving average is $252.38 and its 200 day simple moving average is $248.74. 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 stock has a market cap of $55.01 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 EPS. The firm's revenue was up 9.9% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

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.