Pinnacle Holdings LLC Sells 518 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Pinnacle Holdings LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,693 shares of the insurance provider’s stock after selling 518 shares during the period. Pinnacle Holdings LLC’s holdings in Travelers Companies were worth $2,094,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. APG Asset Management N.V. lifted its stake in Travelers Companies by 224.7% in the fourth quarter. APG Asset Management N.V. now owns 178,761 shares of the insurance provider’s stock worth $41,585,000 after acquiring an additional 123,700 shares during the period. Bank of Nova Scotia raised its position in shares of Travelers Companies by 254.3% in the 4th quarter. Bank of Nova Scotia now owns 307,147 shares of the insurance provider’s stock worth $73,996,000 after acquiring an additional 220,467 shares in the last quarter. FIL Ltd lifted its stake in shares of Travelers Companies by 119.2% during the 4th quarter. FIL Ltd now owns 5,815 shares of the insurance provider’s stock worth $1,401,000 after purchasing an additional 3,162 shares during the last quarter. Invesco Ltd. boosted its position in Travelers Companies by 7.8% during the fourth quarter. Invesco Ltd. now owns 1,435,757 shares of the insurance provider’s stock valued at $345,860,000 after purchasing an additional 104,293 shares in the last quarter. Finally, Cerity Partners LLC grew its stake in Travelers Companies by 2.3% in the fourth quarter. Cerity Partners LLC now owns 75,462 shares of the insurance provider’s stock valued at $18,101,000 after purchasing an additional 1,685 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE TRV opened at $236.50 on Wednesday. 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 quick ratio of 0.33 and a current ratio of 0.33. The stock’s fifty day moving average is $251.51 and its two-hundred day moving average is $248.67. The firm has a market capitalization 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.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective 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. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Finally, Barclays upped their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target 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.