Perigon Wealth Management LLC Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Perigon Wealth Management LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,410 shares of the insurance provider's stock after selling 1,752 shares during the quarter. Perigon Wealth Management LLC's holdings in Travelers Companies were worth $8,582,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TRV. State Street Corp lifted its stake in shares of Travelers Companies by 0.8% in 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 purchasing an additional 120,228 shares during the period. FMR LLC lifted its stake in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after buying an additional 114,714 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Travelers Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider's stock worth $350,396,000 after buying an additional 10,285 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of Travelers Companies by 4.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider's stock valued at $254,169,000 after acquiring an additional 41,683 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

Travelers Companies stock traded down $2.36 during mid-day trading on Tuesday, reaching $248.65. 1,217,571 shares of the company's stock were exchanged, compared to its average volume of 1,521,210. The firm has a market capitalization of $56.45 billion, a PE ratio of 11.58, a P/E/G ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business's fifty day simple moving average is $247.69 and its 200 day simple moving average is $237.81. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $7.01 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.

Analyst Ratings Changes

Several research analysts recently issued reports on TRV shares. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $259.00 to $310.00 in a research note on Friday. UBS Group increased their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 22nd. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus target price of $260.47.

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.