Andra AP fonden Sells 11,600 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Andra AP fonden reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 70.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,900 shares of the insurance provider’s stock after selling 11,600 shares during the quarter. Andra AP fonden’s holdings in Travelers Companies were worth $1,180,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TRV. Concurrent Investment Advisors LLC grew its stake in shares of Travelers Companies by 29.7% during the third quarter. Concurrent Investment Advisors LLC now owns 3,525 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 808 shares during the last quarter. Equitable Trust Co. boosted its stake in Travelers Companies by 12.1% in the third quarter. Equitable Trust Co. now owns 4,362 shares of the insurance provider’s stock valued at $1,021,000 after acquiring an additional 471 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Travelers Companies in the third quarter valued at approximately $443,000. Assetmark Inc. boosted its stake in Travelers Companies by 2.5% in the third quarter. Assetmark Inc. now owns 2,721 shares of the insurance provider’s stock valued at $637,000 after acquiring an additional 67 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in Travelers Companies by 40.6% in the third quarter. Tompkins Financial Corp now owns 759 shares of the insurance provider’s stock valued at $178,000 after acquiring an additional 219 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.8 %

Shares of NYSE:TRV opened at $258.09 on Monday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. 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’s fifty day simple moving average is $244.74 and its 200 day simple moving average is $244.84. The firm has a market cap of $58.51 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping 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 business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the business posted $7.01 earnings per share. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.63%. Travelers Companies’s payout ratio is currently 19.56%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $261.05.

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.