Twin Capital Management Inc. Sells 138 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Twin Capital Management Inc. reduced its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,518 shares of the insurance provider’s stock after selling 138 shares during the period. Twin Capital Management Inc.’s holdings in Travelers Companies were worth $2,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Northern Trust Corp boosted its holdings in Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after acquiring an additional 29,989 shares during the last quarter. Morgan Stanley boosted its holdings in Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after acquiring an additional 95,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Travelers Companies by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after acquiring an additional 31,165 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 1.9 %

NYSE TRV opened at $210.46 on Friday. The firm has a market capitalization of $48.22 billion, a P/E ratio of 15.64, a PEG ratio of 1.08 and a beta of 0.58. The business has a fifty day simple moving average of $221.80 and a 200 day simple moving average of $196.27. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the prior year, the business earned $4.11 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts predict that The Travelers Companies, Inc. will post 17.62 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.00%. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Analyst Ratings Changes

Several brokerages recently commented on TRV. Royal Bank of Canada reduced their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a report on Thursday. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday. Piper Sandler restated a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. Roth Mkm restated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday. Finally, Morgan Stanley increased their price target on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $218.39.

Insider Activity

In other news, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now directly owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the transaction, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 in the last ninety days. 1.33% of the stock is currently owned by insiders.

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.