The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by M&T Bank Corp

M&T Bank Corp trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,491 shares of the insurance provider’s stock after selling 1,610 shares during the quarter. M&T Bank Corp’s holdings in Travelers Companies were worth $24,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC acquired a new stake in Travelers Companies during the 4th quarter worth approximately $4,627,000. Franklin Resources Inc. raised its stake in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after buying an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares in the last quarter. Czech National Bank raised its stake in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $257.97 on Thursday. The business’s fifty day moving average price is $244.16 and its two-hundred day moving average price is $244.09. The stock has a market cap of $58.49 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. 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 Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

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

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Finally, Piper Sandler raised 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 note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies 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.