Axa S.A. Sells 29,343 Shares of The Travelers Companies, Inc. (NYSE:TRV)

AXA S.A. lowered its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,491 shares of the insurance provider's stock after selling 29,343 shares during the period. AXA S.A.'s holdings in Travelers Companies were worth $23,725,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies during the fourth quarter worth about $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $37,000. Asset Planning Inc acquired a new stake in Travelers Companies in the 4th quarter valued at about $44,000. Finally, Quarry LP raised its holdings in shares of Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Up 0.3 %

Travelers Companies stock traded up $0.87 during midday trading on Wednesday, hitting $268.92. 1,038,214 shares of the stock were exchanged, compared to its average volume of 1,289,428. The stock has a market capitalization of $60.93 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business's 50-day moving average price is $257.03 and its 200-day moving average price is $251.42. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $270.46.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the firm earned $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Jefferies Financial Group boosted their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $267.32.

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.