The Travelers Companies, Inc. $TRV Position Trimmed by TD Asset Management Inc

TD Asset Management Inc lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.3% during the 4th quarter, HoldingsChannel reports. The fund owned 234,473 shares of the insurance provider’s stock after selling 15,748 shares during the period. TD Asset Management Inc’s holdings in Travelers Companies were worth $68,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $28,000. Entrust Financial LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $31,000. Navalign LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $35,000. Finally, eCIO Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 3.3%

TRV opened at $303.13 on Friday. The business has a 50 day moving average price of $299.04 and a 200 day moving average price of $294.00. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $64.46 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 2.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period in the previous year, the company earned $1.91 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 13.09%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRV shares. Piper Sandler lifted their price target on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Barclays lifted their price target on Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Finally, Brean Capital started coverage on Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $311.47.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the transaction, the insider directly owned 48,737 shares in the company, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by company insiders.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.