Corient Private Wealth LLC Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Corient Private Wealth LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 23.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,725 shares of the insurance provider's stock after selling 49,908 shares during the period. Corient Private Wealth LLC owned 0.07% of Travelers Companies worth $39,681,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TRV. State Street Corp boosted its position in shares of Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the last quarter. FMR LLC boosted its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock worth $366,820,000 after buying an additional 26,117 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Travelers Companies by 4.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after buying an additional 51,589 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

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Travelers Companies Stock Down 1.1 %

NYSE TRV traded down $2.84 on Friday, hitting $256.70. 3,669,034 shares of the stock were exchanged, compared to its average volume of 1,184,395. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a 50-day moving average price of $247.81 and a 200-day moving average price of $246.73. 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 company has a market cap of $58.20 billion, a PE ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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 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 the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 earnings per share. The company's revenue was up 9.9% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRV. BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $261.05.

Travelers Companies 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.