Stonebridge Capital Advisors LLC Sells 1,884 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Stonebridge Capital Advisors LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the 4th quarter, HoldingsChannel reports. The fund owned 62,878 shares of the insurance provider’s stock after selling 1,884 shares during the quarter. Travelers Companies comprises 1.2% of Stonebridge Capital Advisors LLC’s investment portfolio, making the stock its 27th largest position. Stonebridge Capital Advisors LLC’s holdings in Travelers Companies were worth $15,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Travelers Companies during the 4th quarter worth about $560,918,000. Raymond James Financial Inc. bought a new position in Travelers Companies during the fourth quarter worth about $138,619,000. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $96,012,000. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider’s stock valued at $813,704,000 after acquiring an additional 243,484 shares during the period. Finally, Bryn Mawr Capital Management LLC lifted its position in Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after purchasing an additional 236,686 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $259.26 on Thursday. 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 firm has a market cap of $58.74 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.48. The company’s fifty day simple moving average is $253.40 and its 200 day simple moving average is $249.82. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period in the prior year, the business earned $4.69 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.70%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. The Goldman Sachs Group upgraded 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. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $267.32.

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.