ING Groep NV Sells 1,542 Shares of The Travelers Companies, Inc. (NYSE:TRV)

ING Groep NV decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,898 shares of the insurance provider’s stock after selling 1,542 shares during the quarter. ING Groep NV’s holdings in Travelers Companies were worth $3,589,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter valued at about $27,000. True Wealth Design LLC bought a new position in Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter valued at about $44,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays lifted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Trading Down 0.6 %

Shares of TRV stock opened at $239.90 on Friday. The company’s fifty day simple moving average is $242.04 and its two-hundred day simple moving average is $241.74. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The stock has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.01 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. Travelers Companies’s payout ratio 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.