The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Gen Wealth Partners Inc

Gen Wealth Partners Inc decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,048 shares of the insurance provider’s stock after selling 230 shares during the quarter. Gen Wealth Partners Inc’s holdings in Travelers Companies were worth $1,216,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC grew its holdings in Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after acquiring an additional 41 shares in the last quarter. Quent Capital LLC lifted its position in shares of Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co increased its holdings in Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after buying an additional 46 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.4 %

NYSE:TRV opened at $269.65 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $257.51 and its 200-day simple moving average is $251.57. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $273.08. The firm has a market cap of $61.09 billion, a P/E ratio of 12.56, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the firm earned $4.69 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Wells Fargo & Company upped their price target on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday, April 17th. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Evercore ISI upped their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $267.32.

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.