Siemens Fonds Invest GmbH Sells 6,132 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Siemens Fonds Invest GmbH decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 51.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,719 shares of the insurance provider’s stock after selling 6,132 shares during the period. Siemens Fonds Invest GmbH’s holdings in Travelers Companies were worth $1,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies during the fourth quarter worth $30,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at about $37,000. Asset Planning Inc acquired a new stake in Travelers Companies in the 4th quarter worth about $44,000. Finally, Quarry LP boosted its holdings in Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 152 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $273.57 on Friday. The stock’s 50-day moving average is $258.66 and its 200-day moving average is $252.09. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $273.89. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $61.98 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same period in the prior year, the company posted $4.69 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRV. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, UBS Group reduced their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price of $267.32.

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.