World Investment Advisors Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

World Investment Advisors trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 29.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,510 shares of the insurance provider’s stock after selling 631 shares during the period. World Investment Advisors’ holdings in Travelers Companies were worth $364,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Elevate Capital Advisors LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth about $4,627,000. Erste Asset Management GmbH raised its holdings in Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares during the period. Franklin Resources Inc. lifted its position in Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after buying an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares during the period. Finally, Czech National Bank increased its position in shares of Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after acquiring an additional 2,792 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

TRV stock opened at $236.50 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $53.62 billion, a P/E ratio of 11.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The business’s fifty day moving average is $251.51 and its 200-day moving average is $248.67.

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, beating 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 during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRV. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $261.53.

Travelers Companies Company 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.