New York Life Investment Management LLC Sells 72 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New York Life Investment Management LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,677 shares of the insurance provider’s stock after selling 72 shares during the quarter. New York Life Investment Management LLC’s holdings in Travelers Companies were worth $8,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $4,627,000. Franklin Resources Inc. grew its holdings in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after acquiring an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares during the period. Czech National Bank raised its holdings in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent research reports. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

Shares of TRV stock opened at $255.03 on Friday. The business has a fifty day moving average of $242.85 and a 200 day moving average of $242.64. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. 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 firm has a market capitalization of $57.82 billion, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 company 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 for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $7.01 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.65%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

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.