Ridgecrest Wealth Partners LLC Has $205,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Ridgecrest Wealth Partners LLC lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 58.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 849 shares of the insurance provider’s stock after selling 1,216 shares during the quarter. Ridgecrest Wealth Partners LLC’s holdings in Travelers Companies were worth $205,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of Travelers Companies by 39.9% during the second quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock worth $3,182,000 after buying an additional 4,466 shares during the period. Copperwynd Financial LLC grew its holdings in Travelers Companies by 5.0% during the 2nd quarter. Copperwynd Financial LLC now owns 3,841 shares of the insurance provider’s stock worth $831,000 after acquiring an additional 184 shares during the period. NewEdge Advisors LLC raised its position in shares of Travelers Companies by 14.9% in the 2nd quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock worth $5,058,000 after acquiring an additional 3,228 shares in the last quarter. William B. Walkup & Associates Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $2,654,000. Finally, Wellington Wealth Strategies LLC. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $315,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday. Bank of America raised their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. UBS Group upped their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $260.11.

Travelers Companies Trading Down 0.1 %

NYSE:TRV opened at $241.29 on Monday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The firm has a 50-day moving average price of $247.92 and a two-hundred day moving average price of $237.51. The firm has a market cap of $54.78 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 $10,795,375 billion. During the same period last year, the company posted $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Insider Activity

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

About Travelers Companies

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.