HUB Investment Partners LLC Decreases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

HUB Investment Partners LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,875 shares of the insurance provider’s stock after selling 185 shares during the period. HUB Investment Partners LLC’s holdings in Travelers Companies were worth $452,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $27,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies during the 4th quarter valued at approximately $37,000. True Wealth Design LLC purchased a new stake in Travelers Companies during the 3rd quarter worth approximately $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $44,000. Finally, Providence First Trust Co purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a 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 on the stock in a research note on Tuesday, December 10th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded 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 report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Price Performance

NYSE TRV opened at $256.70 on Friday. The company has a 50-day moving average price of $248.29 and a two-hundred day moving average price of $246.93. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market cap of $58.20 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping 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 return on equity of 19.06% and a net margin of 10.77%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $7.01 EPS. Analysts forecast 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.