National Bank of Canada FI Sells 71,817 Shares of The Travelers Companies, Inc. (NYSE:TRV)

National Bank of Canada FI reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 25.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,447 shares of the insurance provider's stock after selling 71,817 shares during the period. National Bank of Canada FI owned 0.09% of Travelers Companies worth $50,446,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after acquiring an additional 41 shares during the period. Quent Capital LLC raised its holdings in Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after purchasing an additional 43 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after purchasing an additional 44 shares during the last quarter. Somerset Trust Co lifted its position in Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after purchasing an additional 46 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Travelers Companies Stock Down 0.5 %

NYSE TRV traded down $1.45 during trading on Thursday, hitting $263.04. The stock had a trading volume of 1,518,443 shares, compared to its average volume of 1,280,712. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company's 50-day moving average price is $252.35 and its two-hundred day moving average price is $248.69. The company has a market capitalization of $59.64 billion, a PE ratio of 12.25, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results 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 net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm earned $7.01 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $260.00.

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.