The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Empire Financial Management Company LLC

Empire Financial Management Company LLC lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,082 shares of the insurance provider’s stock after selling 1,119 shares during the period. Travelers Companies accounts for approximately 1.1% of Empire Financial Management Company LLC’s portfolio, making the stock its 23rd biggest holding. Empire Financial Management Company LLC’s holdings in Travelers Companies were worth $3,633,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Vanguard Group Inc. raised its position in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after buying an additional 117,108 shares during the last quarter. FMR LLC raised its holdings in Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock valued at $3,439,392,000 after acquiring an additional 229,160 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock worth $1,269,321,000 after purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock worth $903,937,000 after purchasing an additional 70,036 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider’s stock valued at $813,704,000 after purchasing an additional 243,484 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.8 %

Shares of TRV stock opened at $259.26 on Thursday. The stock has a 50-day simple moving average of $253.40 and a 200 day simple moving average of $249.82. The stock has a market capitalization of $58.74 billion, a P/E ratio of 12.08, a P/E/G ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two 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.

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

Travelers Companies Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently commented on TRV shares. UBS Group dropped their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Barclays cut their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target 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.