Acropolis Investment Management LLC Cuts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Acropolis Investment Management LLC decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,505 shares of the insurance provider’s stock after selling 78 shares during the period. Acropolis Investment Management LLC’s holdings in Travelers Companies were worth $2,532,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Travelers Companies by 0.3% in the third quarter. Vanguard Group Inc. now owns 21,877,932 shares of the insurance provider’s stock worth $3,351,699,000 after acquiring an additional 61,656 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Travelers Companies by 5.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,376,802 shares of the insurance provider’s stock worth $1,247,639,000 after acquiring an additional 370,993 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Travelers Companies by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 3,195,030 shares of the insurance provider’s stock worth $489,535,000 after acquiring an additional 73,104 shares in the last quarter. Legal & General Group Plc grew its position in Travelers Companies by 4.3% in the second quarter. Legal & General Group Plc now owns 2,348,197 shares of the insurance provider’s stock worth $397,156,000 after acquiring an additional 97,066 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in Travelers Companies by 4.5% in the third quarter. UBS Asset Management Americas Inc. now owns 1,869,119 shares of the insurance provider’s stock worth $286,349,000 after acquiring an additional 80,922 shares in the last quarter. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. BMO Capital Markets initiated coverage on Travelers Companies in a research report on Thursday, January 19th. They issued an “outperform” rating and a $212.00 price target for the company. Royal Bank of Canada boosted their target price on Travelers Companies from $190.00 to $195.00 in a research report on Wednesday, January 25th. Piper Sandler boosted their target price on Travelers Companies from $182.00 to $190.00 in a research report on Tuesday, January 10th. Morgan Stanley boosted their target price on Travelers Companies from $175.00 to $190.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 22nd. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $180.00 to $181.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 25th. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $189.71.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $165.03 on Friday. The company has a market capitalization of $38.30 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61. The Travelers Companies, Inc. has a 52 week low of $149.65 and a 52 week high of $194.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $184.36 and a 200 day moving average of $178.68.

Travelers Companies (NYSE:TRV – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The insurance provider reported $3.40 EPS for the quarter, hitting analysts’ consensus estimates of $3.40. The company had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.78 billion. Travelers Companies had a net margin of 7.71% and a return on equity of 13.34%. Travelers Companies’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.20 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 14.11 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 9th. Travelers Companies’s dividend payout ratio (DPR) is 31.66%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 5,420 shares of Travelers Companies stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $184.19, for a total value of $998,309.80. Following the transaction, the executive vice president now directly owns 18,416 shares of the company’s stock, valued at $3,392,043.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 9,000 shares of Travelers Companies stock in a transaction on Thursday, January 26th. The shares were sold at an average price of $191.42, for a total value of $1,722,780.00. Following the transaction, the insider now directly owns 251,605 shares of the company’s stock, valued at $48,162,229.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 5,420 shares of Travelers Companies stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $184.19, for a total transaction of $998,309.80. Following the completion of the transaction, the executive vice president now directly owns 18,416 shares in the company, valued at $3,392,043.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 188,163 shares of company stock valued at $35,402,200. 1.07% of the stock is currently owned by insiders.

Travelers Companies Profile

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The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment provides an array of property and casualty insurance, and insurance related services to its customers primarily in the U.S., as well as in Canada, the United Kingdom, the Republic of Ireland and throughout other parts of the world as a corporate member of Lloyd’s.