Conning Inc. Has $34.59 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Conning Inc. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,597 shares of the insurance provider’s stock after selling 18,907 shares during the quarter. Conning Inc. owned approximately 0.06% of Travelers Companies worth $34,591,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new position in Travelers Companies during the 4th quarter worth about $27,000. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the period. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc lifted its stake in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

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

Travelers Companies Stock Performance

Shares of TRV opened at $245.13 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The stock has a 50 day moving average price of $245.24 and a two-hundred day moving average price of $239.28. The firm has a market capitalization of $55.65 billion, a P/E ratio of 11.42, a P/E/G ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. Travelers Companies’s payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Barclays boosted their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.47.

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.