Empirical Finance LLC Sells 104 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Empirical Finance LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the fourth quarter, HoldingsChannel reports. The fund owned 7,963 shares of the insurance provider’s stock after selling 104 shares during the quarter. Empirical Finance LLC’s holdings in Travelers Companies were worth $1,918,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after purchasing an additional 120,228 shares during the last quarter. FMR LLC boosted its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares during the period. Geode Capital Management LLC grew its holdings in Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after acquiring an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Travelers Companies by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock valued at $350,396,000 after acquiring an additional 10,285 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Travelers Companies by 4.0% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,085,635 shares of the insurance provider’s stock valued at $254,169,000 after acquiring an additional 41,683 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Bank of America upped their target price on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Finally, UBS Group raised their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $260.47.

Travelers Companies Stock Down 1.0 %

Shares of NYSE:TRV opened at $245.13 on Monday. The firm has a market cap of $55.65 billion, a P/E ratio of 11.42, a PEG 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. The business’s 50 day simple moving average is $244.82 and its two-hundred day simple moving average is $239.78. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $7.01 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 20.57 EPS 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 given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through 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 value of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

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.