Nixon Peabody Trust Co. Has $717,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Nixon Peabody Trust Co. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,976 shares of the insurance provider’s stock after selling 170 shares during the period. Nixon Peabody Trust Co.’s holdings in Travelers Companies were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. YANKCOM Partnership bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $27,000. True Wealth Design LLC bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $48,000. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $258.65 on Friday. The company has a market capitalization of $58.64 billion, a price-to-earnings ratio of 12.05, a P/E/G ratio of 4.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50 day simple moving average of $243.21 and a two-hundred day simple moving average of $242.98. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $7.01 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TRV. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average 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.