Sigma Planning Corp Sells 502 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Sigma Planning Corp lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the fourth quarter, Holdings Channel reports. The firm owned 10,191 shares of the insurance provider’s stock after selling 502 shares during the period. Sigma Planning Corp’s holdings in Travelers Companies were worth $2,455,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRV. Elevate Capital Advisors LLC bought a new position in Travelers Companies during the 4th quarter valued at $4,627,000. Franklin Resources Inc. lifted its position in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Travelers Companies by 34.6% during the third 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 in the last quarter. Czech National Bank lifted its position in shares of Travelers Companies by 6.0% during the fourth 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 bought a new position in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.6 %

Shares of TRV opened at $239.90 on Monday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The stock has a market cap of $54.39 billion, a PE ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $242.04 and its 200-day moving average price is $241.97.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.01 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRV shares. HSBC raised 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 report on Tuesday, December 10th. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $261.05.

About Travelers Companies

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.