Nwam LLC Sells 57 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Nwam LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,689 shares of the insurance provider’s stock after selling 57 shares during the quarter. Nwam LLC’s holdings in Travelers Companies were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

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

Travelers Companies Stock Up 1.5 %

Shares of NYSE TRV opened at $258.65 on Friday. 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 stock has a market capitalization of $58.64 billion, a PE ratio of 12.05, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The business’s fifty day moving average price is $243.21 and its 200-day moving average price is $243.20.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during 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%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 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 of this dividend 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%.

Analysts Set New Price Targets

A number of brokerages have commented on TRV. Barclays boosted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $259.00 to $310.00 in a research note 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 note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four 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. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $261.05.

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.