Wealthfront Advisers LLC Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Wealthfront Advisers LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 75.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,023 shares of the insurance provider's stock after selling 12,345 shares during the quarter. Wealthfront Advisers LLC's holdings in Travelers Companies were worth $969,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avantax Planning Partners Inc. boosted its stake in Travelers Companies by 3.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 2,237 shares of the insurance provider's stock worth $539,000 after purchasing an additional 74 shares during the period. Global View Capital Management LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $394,000. Sage Mountain Advisors LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $232,000. Net Worth Advisory Group boosted its stake in Travelers Companies by 1.3% in the 4th quarter. Net Worth Advisory Group now owns 5,402 shares of the insurance provider's stock worth $1,301,000 after purchasing an additional 68 shares during the period. Finally, Independent Advisor Alliance boosted its stake in Travelers Companies by 5.5% in the 4th quarter. Independent Advisor Alliance now owns 37,566 shares of the insurance provider's stock worth $9,049,000 after purchasing an additional 1,954 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and increased their target price for the company from $259.00 to $310.00 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 target price for the company in a research report on Tuesday, December 10th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and an average price target of $261.05.

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Travelers Companies Trading Up 0.4 %

TRV stock traded up $1.00 during midday trading on Wednesday, reaching $261.50. The company's stock had a trading volume of 1,601,937 shares, compared to its average volume of 1,174,690. 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 stock has a fifty day simple moving average of $247.11 and a two-hundred day simple moving average of $246.54. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The firm has a market capitalization of $59.29 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60.

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, 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 business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the firm posted $7.01 earnings per share. The business's revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies's dividend payout ratio is currently 19.56%.

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.