New York Life Investment Management LLC Trims Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

New York Life Investment Management LLC cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 27.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,690 shares of the insurance provider's stock after selling 13,700 shares during the period. New York Life Investment Management LLC's holdings in Travelers Companies were worth $6,799,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Clearbridge Investments LLC lifted its holdings in Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider's stock valued at $747,267,000 after acquiring an additional 623,974 shares during the period. Jacobs Levy Equity Management Inc. grew its position in shares of Travelers Companies by 1,826.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider's stock worth $83,731,000 after purchasing an additional 486,098 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Travelers Companies by 19,918.1% during the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider's stock worth $90,641,000 after purchasing an additional 473,453 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Travelers Companies by 940.1% during the third quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider's stock worth $58,035,000 after purchasing an additional 321,198 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Travelers Companies by 57.7% during the third quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider's stock worth $102,260,000 after purchasing an additional 229,071 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the business's stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares of the company's stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 56,635 shares of company stock worth $12,057,727. 1.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

TRV has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $241.00 to $231.00 and set a "market perform" rating for the company in a report on Thursday, April 18th. Jefferies Financial Group decreased their price target on Travelers Companies from $222.00 to $219.00 and set a "hold" rating for the company in a research note on Friday, April 19th. JMP Securities reissued a "market perform" rating on shares of Travelers Companies in a research note on Friday, April 19th. Evercore ISI decreased their price target on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating for the company in a research note on Thursday, April 18th. Finally, Piper Sandler reissued a "neutral" rating and set a $213.00 price target on shares of Travelers Companies in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $223.47.

Travelers Companies Stock Down 0.2 %

TRV stock traded down $0.48 on Friday, hitting $213.89. 1,298,444 shares of the company's stock were exchanged, compared to its average volume of 1,481,971. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The firm has a 50 day moving average price of $220.96 and a two-hundred day moving average price of $199.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $48.98 billion, a P/E ratio of 15.89, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share 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 for the quarter, compared to analysts' expectations of $10.62 billion. During the same quarter last year, the firm earned $4.11 earnings per share. The firm's quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal 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 represents a $4.20 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's payout ratio is presently 29.72%.

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.