Bryn Mawr Capital Management LLC Has $57.39 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bryn Mawr Capital Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15,056.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 238,258 shares of the insurance provider’s stock after buying an additional 236,686 shares during the period. Travelers Companies makes up 2.2% of Bryn Mawr Capital Management LLC’s holdings, making the stock its 9th biggest holding. Bryn Mawr Capital Management LLC’s holdings in Travelers Companies were worth $57,394,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TRV. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter worth about $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies during the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc increased its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $237.82 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company’s fifty day moving average price is $242.28 and its 200 day moving average price is $241.29. The stock has a market capitalization of $53.92 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.14 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the company earned $7.01 EPS. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 18.78 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%. Travelers Companies’s payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $275.00 to $286.00 in a report on Wednesday. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $261.05.

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.