Allspring Global Investments Holdings LLC Lowers Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Allspring Global Investments Holdings LLC lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,063 shares of the insurance provider’s stock after selling 6,965 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of Travelers Companies worth $23,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Clearbridge Investments LLC grew its position in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after purchasing an additional 623,974 shares during the period. Northern Trust Corp grew its position in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after purchasing an additional 29,989 shares during the period. Morgan Stanley boosted its holdings in Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after acquiring an additional 95,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Travelers Companies by 2.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after acquiring an additional 31,165 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $215.00 to $241.00 and gave the company a “market perform” rating in a report on Wednesday. Royal Bank of Canada lifted their target price on Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. The Goldman Sachs Group lifted their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday. Finally, Janney Montgomery Scott started coverage on Travelers Companies in a research note on Wednesday, December 20th. They set a “buy” rating and a $215.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $212.94.

Travelers Companies Trading Up 0.3 %

NYSE:TRV opened at $221.10 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The business’s 50-day simple moving average is $221.66 and its 200 day simple moving average is $195.11. The stock has a market cap of $50.66 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 EPS for the quarter, topping the consensus estimate of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business had revenue of $10.93 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the firm posted $3.40 earnings per share. The company’s revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.62 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio is currently 31.27%.

Insider Activity at Travelers Companies

In related news, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the transaction, the senior vice president now directly owns 719 shares of the company’s stock, valued at approximately $153,046.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the sale, the senior vice president now owns 719 shares of the company’s stock, valued at $153,046.34. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock valued at $23,343,903 over the last three months. 1.29% of the stock is owned by insiders.

About Travelers Companies

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.