D.A. Davidson & CO. Has $2.89 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

D.A. Davidson & CO. reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,007 shares of the insurance provider’s stock after selling 155 shares during the quarter. D.A. Davidson & CO.’s holdings in Travelers Companies were worth $2,892,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter worth $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the third quarter worth $41,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the fourth quarter worth $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the third quarter worth $50,000. Finally, Versant Capital Management Inc grew its holdings in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TRV. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $286.00 in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Finally, BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Trading Down 0.6 %

NYSE TRV opened at $239.90 on Friday. The firm has a market cap of $54.39 billion, a P/E ratio of 11.17, a P/E/G ratio of 4.67 and a beta of 0.64. 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’s 50-day moving average is $242.04 and its 200-day moving average is $241.51. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $7.01 earnings per share. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 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.