The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,948 shares of the insurance provider’s stock after selling 100 shares during the period. Acropolis Investment Management LLC’s holdings in Travelers Companies were worth $2,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. grew its position in Travelers Companies by 27.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 549 shares of the insurance provider’s stock valued at $132,000 after buying an additional 117 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Travelers Companies by 46.8% in the fourth quarter. Park Avenue Securities LLC now owns 9,978 shares of the insurance provider’s stock valued at $2,404,000 after acquiring an additional 3,180 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Travelers Companies by 12.9% in the fourth quarter. Kathmere Capital Management LLC now owns 4,667 shares of the insurance provider’s stock valued at $1,124,000 after acquiring an additional 532 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Travelers Companies by 202.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 257,047 shares of the insurance provider’s stock worth $61,920,000 after purchasing an additional 172,027 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in Travelers Companies by 13.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,914 shares of the insurance provider’s stock worth $943,000 after purchasing an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on TRV. Barclays dropped their target price on Travelers Companies from $295.00 to $278.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods dropped their price objective on Travelers Companies from $273.00 to $268.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Wells Fargo & Company reduced their target price on Travelers Companies from $217.00 to $213.00 and set an “underweight” rating for the company in a report on Tuesday. Piper Sandler lowered their price target on shares of Travelers Companies from $280.00 to $259.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $254.65.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 40,524 shares of Travelers Companies stock in a transaction on Monday, October 21st. The shares were sold at an average price of $260.12, for a total value of $10,541,102.88. Following the transaction, the chief executive officer now owns 221,924 shares in the company, valued at $57,726,870.88. This trade represents a 15.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 2,014 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,099,840. This trade represents a 0.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 78,149 shares of company stock worth $20,295,856 in the last three months. Company insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $237.15 on Wednesday. The stock has a market capitalization of $53.84 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.17 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 12-month low of $194.54 and a 12-month high of $269.55. The firm’s 50-day moving average is $250.38 and its two-hundred day moving average is $235.40.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The business had revenue of $11.90 billion for the quarter, compared to analysts’ expectations of $11.46 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.95 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, December 10th. Travelers Companies’s dividend payout ratio is currently 21.54%.

About Travelers Companies

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.