Prudential PLC Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Prudential PLC trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 28.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,490 shares of the insurance provider’s stock after selling 13,897 shares during the period. Prudential PLC’s holdings in Travelers Companies were worth $8,308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. purchased a new position in shares of Travelers Companies in the 3rd quarter worth $1,574,000. HighTower Advisors LLC boosted its position in Travelers Companies by 7.2% in the third quarter. HighTower Advisors LLC now owns 124,234 shares of the insurance provider’s stock worth $29,025,000 after purchasing an additional 8,369 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Travelers Companies by 0.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,544 shares of the insurance provider’s stock valued at $1,532,000 after purchasing an additional 52 shares during the period. Royal London Asset Management Ltd. increased its position in shares of Travelers Companies by 7.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 143,621 shares of the insurance provider’s stock valued at $33,625,000 after purchasing an additional 9,872 shares during the last quarter. Finally, Quantinno Capital Management LP increased its position in shares of Travelers Companies by 34.9% during the 3rd quarter. Quantinno Capital Management LP now owns 13,232 shares of the insurance provider’s stock valued at $3,098,000 after purchasing an additional 3,422 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada reaffirmed 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. Finally, BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Trading Down 7.8 %

TRV stock opened at $242.64 on Friday. The firm has a fifty day moving average price of $252.38 and a 200 day moving average price of $248.69. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The firm has a market cap of $55.01 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the company posted $7.01 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Travelers Companies Company 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.