Virtu Financial LLC Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Virtu Financial LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 85.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,541 shares of the insurance provider's stock after selling 14,449 shares during the quarter. Virtu Financial LLC's holdings in Travelers Companies were worth $612,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRV. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Travelers Companies by 1.2% in 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 purchasing an additional 41 shares during the period. Quent Capital LLC increased its holdings in Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after acquiring an additional 43 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of 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 raised its holdings in shares of Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after acquiring an additional 45 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Travelers Companies by 3.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider's stock valued at $294,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRV shares. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $260.00.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $0.82 on Friday, reaching $261.86. 1,185,421 shares of the company were exchanged, compared to its average volume of 1,276,460. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The company has a 50-day moving average of $250.56 and a 200-day moving average of $247.89. The firm has a market cap of $59.37 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $7.01 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies's payout ratio is 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.