Blueshift Asset Management LLC Sells 1,940 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Blueshift Asset Management LLC reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 52.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,779 shares of the insurance provider’s stock after selling 1,940 shares during the period. Blueshift Asset Management LLC’s holdings in Travelers Companies were worth $429,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in Travelers Companies during the 4th quarter valued at about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the 4th quarter valued at about $37,000. True Wealth Design LLC bought a new position in Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc bought a new position in Travelers Companies during the 4th quarter valued at about $44,000. Finally, Providence First Trust Co bought a new position in Travelers Companies during the 4th quarter valued at about $48,000. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Finally, Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

Shares of TRV stock opened at $259.36 on Friday. The company has a market cap of $58.80 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 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. The firm has a 50 day moving average of $247.81 and a 200-day moving average of $246.73.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the firm posted $7.01 EPS. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.