Comerica Bank Sells 1,315 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Comerica Bank lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 94,243 shares of the insurance provider's stock after selling 1,315 shares during the period. Comerica Bank's holdings in Travelers Companies were worth $22,702,000 as of its most recent filing with the SEC.

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

Travelers Companies Stock Up 0.1 %

Shares of TRV traded up $0.34 during trading hours on Tuesday, hitting $267.88. The company had a trading volume of 185,491 shares, compared to its average volume of 1,282,272. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $270.47. The firm has a fifty day moving average price of $256.56 and a 200-day moving average price of $251.18. The stock has a market capitalization of $60.69 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.64%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Piper Sandler raised shares of 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. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Finally, UBS Group decreased their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $267.32.

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.