Good Life Advisors LLC Decreases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Good Life Advisors LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 44.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 935 shares of the insurance provider’s stock after selling 740 shares during the quarter. Good Life Advisors LLC’s holdings in Travelers Companies were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TRV. Allspring Global Investments Holdings LLC increased its stake in shares of Travelers Companies by 36.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after buying an additional 4,474 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of Travelers Companies by 87.2% in the third quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock worth $484,000 after buying an additional 962 shares during the period. International Assets Investment Management LLC increased its stake in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after buying an additional 518,075 shares during the period. Great Lakes Retirement Inc. increased its stake in shares of Travelers Companies by 5.8% in the third quarter. Great Lakes Retirement Inc. now owns 5,325 shares of the insurance provider’s stock worth $1,247,000 after buying an additional 290 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Travelers Companies by 2.5% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 13,660 shares of the insurance provider’s stock worth $3,201,000 after buying an additional 331 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s 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 completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.33% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $275.00 to $286.00 in a report on Wednesday. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $239.90 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The business has a 50-day simple moving average of $242.04 and a two-hundred day simple moving average of $241.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $54.39 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 4.67 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 EPS. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Travelers Companies 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.