The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,119,149 shares of the insurance provider’s stock after selling 98,353 shares during the period. Travelers Companies accounts for about 0.8% of Clearbridge Investments LLC’s holdings, making the stock its 18th biggest position. Clearbridge Investments LLC owned about 1.81% of Travelers Companies worth $992,262,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the 4th quarter valued at about $37,000. True Wealth Design LLC purchased a new position in Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $44,000. Finally, Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $261.86 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The business has a 50 day moving average price of $250.56 and a two-hundred day moving average price of $247.96. The firm has a market cap of $59.37 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.00.

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.