Schechter Investment Advisors LLC Cuts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Schechter Investment Advisors LLC trimmed its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 20.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,917 shares of the insurance provider’s stock after selling 484 shares during the period. Schechter Investment Advisors LLC’s holdings in Travelers Companies were worth $462,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter valued at $27,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the 4th quarter worth $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies in the 4th quarter worth $48,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of Travelers Companies in the 3rd quarter worth $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.9 %

NYSE TRV opened at $257.97 on Thursday. 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 company has a market capitalization of $58.49 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company’s 50-day simple moving average is $244.16 and its two-hundred day simple moving average is $244.09. 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 issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 1.63%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $261.05.

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.