New Vernon Investment Management LLC Sells 11,520 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New Vernon Investment Management LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 79.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,985 shares of the insurance provider's stock after selling 11,520 shares during the period. Travelers Companies comprises about 0.4% of New Vernon Investment Management LLC's portfolio, making the stock its 24th biggest position. New Vernon Investment Management LLC's holdings in Travelers Companies were worth $681,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after purchasing an additional 117,108 shares in the last quarter. FMR LLC boosted its position in shares of Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after purchasing an additional 229,160 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after purchasing an additional 182,270 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Travelers Companies by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after purchasing an additional 70,036 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Travelers Companies by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock valued at $813,704,000 after purchasing an additional 243,484 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TRV. JPMorgan Chase & Co. upped their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Stock Performance

NYSE TRV traded down $1.39 on Wednesday, hitting $262.66. 366,889 shares of the stock traded hands, compared to its average volume of 1,283,649. The business's fifty day moving average is $255.12 and its two-hundred day moving average is $250.78. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The firm has a market capitalization of $59.51 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Increases Dividend

The business also recently declared 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. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio is currently 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.