Cwm LLC Trims Position in The Travelers Companies, Inc. (NYSE:TRV)

CWM LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 146,713 shares of the insurance provider's stock after selling 14,951 shares during the period. CWM LLC owned 0.06% of Travelers Companies worth $27,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. First Command Advisory Services Inc. acquired a new stake in Travelers Companies during the 3rd quarter worth about $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies during the 3rd quarter worth about $27,000. FWL Investment Management LLC acquired a new stake in Travelers Companies during the 4th quarter worth about $28,000. Quarry LP acquired a new stake in Travelers Companies during the 1st quarter worth about $31,000. Finally, AM Squared Ltd grew its position in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock worth $33,000 after purchasing an additional 100 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. Raymond James increased their price target on Travelers Companies from $220.00 to $245.00 and gave the stock a "strong-buy" rating in a research report on Monday, January 22nd. Piper Sandler restated a "neutral" rating and set a $213.00 target price on shares of Travelers Companies in a research report on Monday, April 1st. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday. Evercore ISI dropped their target price on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group dropped their target price on Travelers Companies from $222.00 to $219.00 and set a "hold" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $222.88.

Travelers Companies Price Performance

Travelers Companies stock traded up $3.65 during midday trading on Friday, reaching $214.07. The company had a trading volume of 1,918,462 shares, compared to its average volume of 1,263,317. The company has a market capitalization of $49.02 billion, a P/E ratio of 15.90, a P/E/G ratio of 1.12 and a beta of 0.58. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The firm's fifty day simple moving average is $221.79 and its 200-day simple moving average is $197.12. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $10.62 billion. During the same period in the prior year, the business posted $4.11 earnings per share. The company's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.66 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies's dividend payout ratio (DPR) is 29.72%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at approximately $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the transaction, the insider now directly owns 255,178 shares of the company's stock, valued at approximately $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of the firm's stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,291,671.28. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 in the last ninety days. 1.33% of the stock is currently owned by corporate insiders.

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.