Bank of Stockton Has $752,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bank of Stockton trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,123 shares of the insurance provider’s stock after selling 43 shares during the quarter. Bank of Stockton’s holdings in Travelers Companies were worth $752,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter worth $44,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc grew its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV opened at $241.06 on Friday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. 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 company has a market capitalization of $54.66 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 4.67 and a beta of 0.64. The business has a 50-day moving average of $242.17 and a 200-day moving average of $241.29.

Travelers Companies (NYSE:TRV) last issued 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 return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several analyst reports. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $286.00 in a report on Wednesday. Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.05.

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.