First Affirmative Financial Network Sells 258 Shares of The Travelers Companies, Inc. (NYSE:TRV)

First Affirmative Financial Network decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,073 shares of the insurance provider’s stock after selling 258 shares during the quarter. First Affirmative Financial Network’s holdings in Travelers Companies were worth $259,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC grew its holdings in shares of Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC bought a new position in Travelers Companies during the 3rd quarter worth $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies in the third quarter worth approximately $50,000. Versant Capital Management Inc boosted its position in Travelers Companies by 581.1% during the fourth 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 during the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $249.02 on Friday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The firm has a 50-day moving average of $247.33 and a 200 day moving average of $238.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The company has a market cap of $56.53 billion, a P/E ratio of 11.60, a PEG ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.01 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets boosted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Jefferies Financial Group raised their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Roth Mkm increased their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $260.47.

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.