Ameriprise Financial Inc. Has $69.70 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Ameriprise Financial Inc. cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 20.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 289,304 shares of the insurance provider's stock after selling 76,469 shares during the period. Ameriprise Financial Inc. owned 0.13% of Travelers Companies worth $69,701,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after acquiring an additional 38,515 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Travelers Companies by 3.6% during the third quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider's stock worth $65,896,000 after purchasing an additional 9,660 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of Travelers Companies by 9.4% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 4,097 shares of the insurance provider's stock worth $987,000 after purchasing an additional 351 shares during the last quarter. ORG Partners LLC lifted its holdings in Travelers Companies by 119.8% in the fourth quarter. ORG Partners LLC now owns 842 shares of the insurance provider's stock worth $203,000 after acquiring an additional 459 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in Travelers Companies by 20.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,393 shares of the insurance provider's stock worth $336,000 after acquiring an additional 232 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on TRV shares. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Evercore ISI raised their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Trading Down 1.2%

Shares of TRV traded down $3.27 on Tuesday, reaching $264.79. 1,336,615 shares of the company's stock were exchanged, compared to its average volume of 1,294,739. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $59.99 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The business has a 50 day moving average price of $257.71 and a two-hundred day moving average price of $251.62. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $274.45.

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, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm posted $4.69 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Travelers Companies Company Profile

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.