Whittier Trust Co. of Nevada Inc. Sells 477 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Whittier Trust Co. of Nevada Inc. cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,231 shares of the insurance provider’s stock after selling 477 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Travelers Companies were worth $5,114,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter valued at $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies during the fourth quarter valued at about $37,000. True Wealth Design LLC purchased a new position in Travelers Companies in the third quarter valued at about $41,000. Asset Planning Inc bought a new position in Travelers Companies in the fourth quarter worth about $44,000. Finally, Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter valued at about $48,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock opened at $256.70 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. 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 stock has a market cap of $58.20 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The business has a 50-day simple moving average of $248.29 and a 200-day simple moving average of $246.93.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $7.01 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.