abrdn plc Has $87.23 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

abrdn plc reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 364,344 shares of the insurance provider’s stock after selling 13,960 shares during the period. abrdn plc’s holdings in Travelers Companies were worth $87,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Czech National Bank grew its position in Travelers Companies by 6.4% in the 3rd quarter. Czech National Bank now owns 46,431 shares of the insurance provider’s stock valued at $10,870,000 after purchasing an additional 2,795 shares during the period. GAMMA Investing LLC grew its holdings in shares of Travelers Companies by 27.0% during the third quarter. GAMMA Investing LLC now owns 6,258 shares of the insurance provider’s stock valued at $1,465,000 after buying an additional 1,332 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Travelers Companies by 1.1% during the third quarter. Miracle Mile Advisors LLC now owns 16,918 shares of the insurance provider’s stock valued at $3,961,000 after buying an additional 181 shares during the last quarter. Bangor Savings Bank increased its position in shares of Travelers Companies by 56.3% during the third quarter. Bangor Savings Bank now owns 300 shares of the insurance provider’s stock worth $70,000 after acquiring an additional 108 shares in the last quarter. Finally, Aprio Wealth Management LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter worth about $228,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was 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 corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on TRV. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Roth Mkm lifted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. BMO Capital Markets upped their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company raised their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $260.47.

Travelers Companies Trading Down 0.1 %

Shares of Travelers Companies stock opened at $244.29 on Wednesday. The stock has a market capitalization of $55.46 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.07 and a beta of 0.64. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The stock’s 50-day simple moving average is $246.42 and its 200 day simple moving average is $238.89.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the firm posted $7.01 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 1.72%. 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.