The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,119,149 shares of the insurance provider's stock after selling 98,353 shares during the quarter. Travelers Companies accounts for 0.8% of Clearbridge Investments LLC's portfolio, making the stock its 18th biggest holding. Clearbridge Investments LLC owned about 1.81% of Travelers Companies worth $992,262,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth $37,000. True Wealth Design LLC bought a new position in shares of Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the 4th quarter worth $44,000. Finally, Providence First Trust Co purchased a new position in shares of Travelers Companies during the fourth quarter valued at $48,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $0.05 during midday trading on Tuesday, reaching $264.51. The company's stock had a trading volume of 999,854 shares, compared to its average volume of 1,278,333. The firm has a market capitalization of $59.97 billion, a PE ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The stock has a fifty day moving average of $251.05 and a 200 day moving average of $248.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

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Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating 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 business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the business posted $7.01 EPS. The company's revenue was up 9.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's payout ratio is presently 19.56%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. 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 research report on Wednesday, January 8th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $260.00.

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.