Jefferies Financial Group Inc. Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Jefferies Financial Group Inc. lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 91.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,428 shares of the insurance provider's stock after selling 14,415 shares during the period. Jefferies Financial Group Inc.'s holdings in Travelers Companies were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after purchasing an additional 43 shares during the last quarter. Somerset Trust Co lifted its stake in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 45 shares during the last quarter. Lake Street Advisors Group LLC lifted its stake in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after purchasing an additional 46 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. lifted its stake in shares of Travelers Companies by 2.2% in the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 2,196 shares of the insurance provider's stock valued at $529,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company increased their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Finally, Jefferies Financial Group increased their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $270.42.

Travelers Companies Stock Down 0.9%

Shares of TRV traded down $2.46 during mid-day trading on Wednesday, reaching $271.25. The company's stock had a trading volume of 797,342 shares, compared to its average volume of 1,289,556. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $275.03. The stock has a market cap of $61.46 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. 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 company's 50 day moving average is $259.45 and its 200 day moving average is $252.50.

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, beating 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 the consensus estimate of $10.97 billion. During the same quarter in the prior year, the business posted $4.69 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.62%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is presently 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.