Ridgecrest Wealth Partners LLC Sells 1,216 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ridgecrest Wealth Partners LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 58.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 849 shares of the insurance provider’s stock after selling 1,216 shares during the period. Ridgecrest Wealth Partners LLC’s holdings in Travelers Companies were worth $205,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in shares of Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after buying an additional 45 shares during the period. True Wealth Design LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $41,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $50,000. Versant Capital Management Inc boosted its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. Finally, Salomon & Ludwin LLC increased its holdings in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRV. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $259.00 to $310.00 in a research note on Friday. Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Jefferies Financial Group increased their target price on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $260.11.

Travelers Companies Stock Down 0.1 %

TRV stock opened at $241.29 on Monday. The firm has a market capitalization of $54.78 billion, a PE ratio of 11.24, a PEG ratio of 1.09 and a beta of 0.65. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The business’s 50 day simple moving average is $247.92 and its 200 day simple moving average is $237.51. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. During the same period in the prior year, the company posted $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

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.