Norinchukin Bank The Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Norinchukin Bank The cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,789 shares of the insurance provider’s stock after selling 86 shares during the period. Norinchukin Bank The’s holdings in Travelers Companies were worth $4,767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $48,000. Finally, IMG Wealth Management Inc. acquired a new position in Travelers Companies in the fourth quarter worth about $55,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TRV shares. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Trading Up 1.4 %

NYSE:TRV opened at $256.05 on Friday. The stock has a market cap of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50-day moving average is $252.42 and its two-hundred day moving average is $249.46.

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

Travelers Companies Increases Dividend

The company also recently announced 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 is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 23.95%.

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.