Cresset Asset Management LLC Has $4.97 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cresset Asset Management LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,642 shares of the insurance provider's stock after selling 14,385 shares during the period. Cresset Asset Management LLC's holdings in Travelers Companies were worth $4,972,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of TRV. Centiva Capital LP lifted its stake in Travelers Companies by 114.5% during the 4th quarter. Centiva Capital LP now owns 3,314 shares of the insurance provider's stock worth $798,000 after acquiring an additional 1,769 shares in the last quarter. BOKF NA lifted its position in shares of Travelers Companies by 0.8% during the fourth quarter. BOKF NA now owns 7,155 shares of the insurance provider's stock worth $1,663,000 after purchasing an additional 57 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of Travelers Companies in the fourth quarter valued at approximately $1,941,000. Bridgefront Capital LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $433,000. Finally, Captrust Financial Advisors increased its stake in Travelers Companies by 6.0% during the 4th quarter. Captrust Financial Advisors now owns 33,110 shares of the insurance provider's stock worth $7,976,000 after buying an additional 1,881 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Barclays cut their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $267.32.

Travelers Companies Stock Down 0.6%

Shares of TRV stock traded down $1.67 on Monday, hitting $268.08. The company's stock had a trading volume of 1,320,947 shares, compared to its average volume of 1,292,462. 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 stock has a market capitalization of $60.74 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $276.17. The firm's fifty day moving average price is $257.51 and its 200-day moving average price is $251.50.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the company posted $4.69 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

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

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.