Deseret Mutual Benefit Administrators Sells 47 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Deseret Mutual Benefit Administrators lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 527 shares of the insurance provider’s stock after selling 47 shares during the period. Deseret Mutual Benefit Administrators’ holdings in Travelers Companies were worth $127,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Travelers Companies by 36.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after acquiring an additional 4,474 shares during the period. Foundations Investment Advisors LLC boosted its holdings in shares of Travelers Companies by 87.2% during the third quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 962 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after acquiring an additional 518,075 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Travelers Companies by 1,167.4% during the third quarter. Assenagon Asset Management S.A. now owns 85,020 shares of the insurance provider’s stock worth $19,905,000 after acquiring an additional 78,312 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Travelers Companies by 8.9% during the third quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock worth $404,000 after acquiring an additional 141 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $239.90 on Friday. The firm’s fifty day moving average price is $242.04 and its two-hundred day moving average price is $241.74. The stock has a market cap of $54.39 billion, a PE ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. 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) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio is 19.56%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRV shares. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. 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 research report on Wednesday. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $261.05.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction 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 represents a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by insiders.

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.