Sigma Planning Corp Has $697,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Sigma Planning Corp reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 65.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,659 shares of the insurance provider's stock after selling 7,051 shares during the period. Sigma Planning Corp's holdings in Travelers Companies were worth $697,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Travelers Companies by 5.1% in the 4th quarter. Signaturefd LLC now owns 6,706 shares of the insurance provider's stock valued at $1,278,000 after purchasing an additional 323 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Travelers Companies by 30.1% in the 4th quarter. Verdence Capital Advisors LLC now owns 29,686 shares of the insurance provider's stock valued at $5,655,000 after acquiring an additional 6,862 shares during the period. Lindbrook Capital LLC lifted its holdings in shares of Travelers Companies by 2.2% during the 4th quarter. Lindbrook Capital LLC now owns 3,700 shares of the insurance provider's stock valued at $705,000 after acquiring an additional 80 shares in the last quarter. CRA Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter worth $231,000. Finally, abrdn plc increased its holdings in Travelers Companies by 21.4% in the 4th quarter. abrdn plc now owns 333,827 shares of the insurance provider's stock valued at $63,591,000 after purchasing an additional 58,827 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $0.47 during midday trading on Thursday, hitting $213.90. 1,323,190 shares of the company's stock were exchanged, compared to its average volume of 1,493,245. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The firm has a market cap of $48.98 billion, a P/E ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.58. The stock's 50 day moving average price is $221.58 and its 200-day moving average price is $198.06. 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 released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the previous year, the company posted $4.11 EPS. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.78 EPS for the current year.

Travelers Companies Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have recently commented on TRV shares. Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $241.00 to $231.00 and set a "market perform" rating on the stock in a research report on Thursday, April 18th. Citigroup upped their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a "neutral" rating in a research report on Tuesday, April 16th. TD Cowen dropped their target price on Travelers Companies from $261.00 to $252.00 and set a "buy" rating on the stock in a research report on Tuesday. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. Finally, Roth Mkm reaffirmed a "buy" rating and issued a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $223.47.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company's stock, valued at $3,147,865.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 75,734 shares of company stock valued at $16,143,904. Corporate insiders own 1.33% of the company's stock.

About Travelers Companies

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.