Twin Capital Management Inc. Trims Stake in The Travelers Companies, Inc. (NYSE:TRV)

Twin Capital Management Inc. reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,674 shares of the insurance provider’s stock after selling 176 shares during the quarter. Twin Capital Management Inc.’s holdings in Travelers Companies were worth $2,330,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in Travelers Companies during the fourth quarter worth $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the fourth quarter worth about $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter valued at about $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies in the 4th quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter worth $55,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 7.8 %

Shares of TRV stock opened at $242.64 on Monday. The stock has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. 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 moving average price of $252.38 and a 200 day moving average price of $248.80.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $7.01 earnings per share. Equities research analysts predict 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TRV. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $260.00.

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.