TIAA Trust National Association Sells 850 Shares of The Travelers Companies, Inc. (NYSE:TRV)

TIAA Trust National Association trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,571 shares of the insurance provider’s stock after selling 850 shares during the quarter. TIAA Trust National Association’s holdings in Travelers Companies were worth $10,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TRV. Ashton Thomas Securities LLC lifted its position in Travelers Companies by 27.1% during the 4th quarter. Ashton Thomas Securities LLC now owns 849 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 181 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Travelers Companies by 73.2% during the 4th quarter. Prudential Financial Inc. now owns 269,995 shares of the insurance provider’s stock worth $65,039,000 after purchasing an additional 114,095 shares during the last quarter. Vanguard Group Inc. boosted its stake in Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the period. Stevens Capital Management LP acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $789,000. Finally, LPL Financial LLC increased its position in Travelers Companies by 0.7% in the 4th quarter. LPL Financial LLC now owns 197,793 shares of the insurance provider’s stock worth $47,646,000 after buying an additional 1,455 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.0 %

NYSE TRV opened at $259.50 on Wednesday. The stock’s 50 day simple moving average is $249.27 and its 200 day simple moving average is $247.54. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The firm has a market cap of $58.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 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. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRV shares. BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies 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.