Siemens Fonds Invest GmbH Sells 6,132 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Siemens Fonds Invest GmbH lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 51.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,719 shares of the insurance provider's stock after selling 6,132 shares during the period. Siemens Fonds Invest GmbH's holdings in Travelers Companies were worth $1,378,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after acquiring an additional 41 shares during the last quarter. Quent Capital LLC boosted its position in Travelers Companies by 3.3% during 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 period. Somerset Trust Co grew its position in shares of Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after acquiring an additional 45 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% in the fourth 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 period. Finally, Sanibel Captiva Trust Company Inc. raised its stake in Travelers Companies by 2.2% during the 4th quarter. Sanibel Captiva Trust Company Inc. now owns 2,196 shares of the insurance provider's stock valued at $529,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Finally, UBS Group dropped 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 report on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $270.42.

Travelers Companies Price Performance

NYSE:TRV traded down $0.44 during trading hours on Thursday, hitting $270.71. The company's stock had a trading volume of 343,295 shares, compared to its average volume of 1,368,520. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $275.03. 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 stock has a fifty day simple moving average of $259.65 and a 200-day simple moving average of $252.63. The company has a market capitalization of $61.33 billion, a P/E ratio of 12.61, a PEG ratio of 4.65 and a beta of 0.53.

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

Travelers Companies Increases Dividend

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

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.