Yousif Capital Management LLC Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Yousif Capital Management LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.2% during the fourth quarter, Holdings Channel reports. The firm owned 41,234 shares of the insurance provider’s stock after selling 1,789 shares during the quarter. Yousif Capital Management LLC’s holdings in Travelers Companies were worth $7,855,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TRV. First Command Advisory Services Inc. purchased a new position in Travelers Companies during the 3rd quarter valued at about $26,000. Arlington Trust Co LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $27,000. AM Squared Ltd increased its holdings in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Valued Wealth Advisors LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $40,000. Finally, OLD Second National Bank of Aurora purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRV shares. 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, April 18th. Piper Sandler reiterated a “neutral” rating and set a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. Citigroup upped their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. upped their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $223.47.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 75,734 shares of company stock valued at $16,143,904. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Trading Down 0.4 %

Shares of Travelers Companies stock opened at $213.43 on Thursday. The firm has a market cap of $48.87 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The business has a 50-day moving average price of $221.68 and a 200-day moving average price of $197.95. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.11 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.78 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business 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 of this dividend is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

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.