Bank of Montreal Can Has $106.20 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bank of Montreal Can trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 440,844 shares of the insurance provider’s stock after selling 264,949 shares during the period. Bank of Montreal Can owned 0.19% of Travelers Companies worth $106,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantinno Capital Management LP raised its holdings in shares of Travelers Companies by 34.9% in the 3rd quarter. Quantinno Capital Management LP now owns 13,232 shares of the insurance provider’s stock valued at $3,098,000 after purchasing an additional 3,422 shares during the period. EP Wealth Advisors LLC raised its stake in Travelers Companies by 117.6% in the third quarter. EP Wealth Advisors LLC now owns 6,129 shares of the insurance provider’s stock valued at $1,435,000 after buying an additional 3,312 shares during the period. Zacks Investment Management acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $221,000. Orion Portfolio Solutions LLC boosted its stake in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Travelers Companies by 1.2% during the 3rd quarter. MML Investors Services LLC now owns 20,565 shares of the insurance provider’s stock worth $4,815,000 after acquiring an additional 237 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

NYSE TRV opened at $236.50 on Wednesday. The firm’s 50 day simple moving average is $251.51 and its 200 day simple moving average is $248.67. The firm has a market capitalization of $53.62 billion, a price-to-earnings ratio of 11.02, a P/E/G ratio of 4.65 and a beta of 0.48. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the company posted $7.01 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $261.53.

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.