Pathstone Holdings LLC Sells 16,447 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Pathstone Holdings LLC lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,989 shares of the insurance provider's stock after selling 16,447 shares during the quarter. Pathstone Holdings LLC's holdings in Travelers Companies were worth $8,910,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Brookstone Capital Management boosted its stake in Travelers Companies by 13.2% during the fourth quarter. Brookstone Capital Management now owns 1,628 shares of the insurance provider's stock worth $392,000 after buying an additional 190 shares during the period. Park Avenue Securities LLC grew its holdings in Travelers Companies by 46.8% in the fourth quarter. Park Avenue Securities LLC now owns 9,978 shares of the insurance provider's stock valued at $2,404,000 after purchasing an additional 3,180 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its stake in Travelers Companies by 27.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 549 shares of the insurance provider's stock worth $132,000 after buying an additional 117 shares in the last quarter. Rovin Capital UT ADV acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $203,000. Finally, Ritholtz Wealth Management grew its holdings in shares of Travelers Companies by 2.4% during the 4th quarter. Ritholtz Wealth Management now owns 35,035 shares of the insurance provider's stock worth $8,440,000 after purchasing an additional 818 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

NYSE:TRV traded down $0.65 during midday trading on Thursday, reaching $270.50. The stock had a trading volume of 294,810 shares, compared to its average volume of 1,287,688. The stock has a market capitalization of $61.29 billion, a P/E ratio of 12.61, a PEG 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 Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $275.03. The firm's fifty day simple moving average is $259.65 and its 200-day simple moving average is $252.63.

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

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio is presently 23.95%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRV. UBS Group decreased their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Jefferies Financial Group upped their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $270.42.

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.