Victory Capital Management Inc. Sells 1,778 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Victory Capital Management Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,206 shares of the insurance provider's stock after selling 1,778 shares during the quarter. Victory Capital Management Inc.'s holdings in Travelers Companies were worth $26,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter worth $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the 4th quarter worth about $44,000. Providence First Trust Co bought a new position in Travelers Companies during the fourth quarter valued at about $48,000. Finally, Versant Capital Management Inc increased its holdings in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after buying an additional 215 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock traded down $3.68 during mid-day trading on Wednesday, reaching $250.89. 569,854 shares of the stock traded hands, compared to its average volume of 1,170,550. The stock has a market capitalization of $56.88 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The business's 50-day moving average is $245.35 and its 200-day moving average is $245.34. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

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Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (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 company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm posted $7.01 earnings per share. The firm's revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRV. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Finally, Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently 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.