Slow Capital Inc. Has $3.71 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Slow Capital Inc. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,385 shares of the insurance provider’s stock after selling 696 shares during the period. Slow Capital Inc.’s holdings in Travelers Companies were worth $3,706,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TRV. Wolff Wiese Magana LLC grew its stake in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 45 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc grew its stake in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its holdings in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after buying an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $251.15 on Tuesday. The firm has a market capitalization of $57.01 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The business has a fifty day simple moving average of $247.92 and a 200 day simple moving average of $237.51. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.67%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday. Bank of America increased their target price on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $260.47.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by insiders.

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.