The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 0.6% in the fourth quarter, Holdings Channel reports. The fund owned 13,505 shares of the insurance provider’s stock after selling 78 shares during the period. Acropolis Investment Management LLC’s holdings in Travelers Companies were worth $2,532,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 21,877,932 shares of the insurance provider’s stock valued at $3,351,699,000 after acquiring an additional 61,656 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Travelers Companies by 5.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,376,802 shares of the insurance provider’s stock valued at $1,247,639,000 after acquiring an additional 370,993 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,195,030 shares of the insurance provider’s stock valued at $489,535,000 after acquiring an additional 73,104 shares during the last quarter. Legal & General Group Plc raised its holdings in Travelers Companies by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 2,348,197 shares of the insurance provider’s stock valued at $397,156,000 after acquiring an additional 97,066 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Travelers Companies by 4.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 1,869,119 shares of the insurance provider’s stock valued at $286,349,000 after acquiring an additional 80,922 shares during the last quarter. Institutional investors and hedge funds own 81.59% of the company’s stock.

Insider Activity

In other news, EVP Diane Kurtzman sold 2,914 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $185.01, for a total value of $539,119.14. Following the sale, the executive vice president now directly owns 1,735 shares in the company, valued at approximately $320,992.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Diane Kurtzman sold 2,914 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $185.01, for a total value of $539,119.14. Following the sale, the executive vice president now directly owns 1,735 shares in the company, valued at approximately $320,992.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alan D. Schnitzer sold 150,829 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $188.53, for a total transaction of $28,435,791.37. Following the completion of the sale, the chief executive officer now owns 196,914 shares in the company, valued at $37,124,196.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 188,163 shares of company stock worth $35,402,200. 1.07% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $165.03 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 52 week low of $149.65 and a 52 week high of $194.51. The stock has a market capitalization of $38.30 billion, a PE ratio of 14.05, a P/E/G ratio of 1.14 and a beta of 0.61. The firm has a 50 day moving average of $184.36 and a two-hundred day moving average of $178.68.

Travelers Companies (NYSE:TRV – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The insurance provider reported $3.40 EPS for the quarter, meeting the consensus estimate of $3.40. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. The company had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.78 billion. During the same quarter last year, the company posted $5.20 EPS. The firm’s revenue was up 10.4% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 14.11 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be issued a $0.93 dividend. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.25%. Travelers Companies’s payout ratio is 31.66%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRV. Morgan Stanley increased their price target on shares of Travelers Companies from $175.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 22nd. Piper Sandler increased their price target on shares of Travelers Companies from $182.00 to $190.00 in a research note on Tuesday, January 10th. Barclays dropped their price target on shares of Travelers Companies from $197.00 to $196.00 and set an “equal weight” rating for the company in a research note on Thursday, January 19th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $180.00 to $181.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 25th. Finally, StockNews.com began coverage on shares of Travelers Companies in a research report on Thursday. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $189.71.

Travelers Companies Company Profile

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The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.