The Travelers Companies, Inc. (NYSE:TRV) Holdings Decreased by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 37.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,150 shares of the insurance provider’s stock after selling 693 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in Travelers Companies were worth $277,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC grew its stake in Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after buying an additional 43 shares during the last quarter. Salem Investment Counselors Inc. increased its position in Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after buying an additional 44 shares during the period. Somerset Trust Co lifted its stake in Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after buying an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TRV shares. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Price Performance

TRV stock opened at $233.39 on Tuesday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The firm has a 50-day moving average of $252.02 and a two-hundred day moving average of $248.77. The firm has a market capitalization of $52.91 billion, a PE ratio of 10.87, 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.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.80%. Travelers Companies’s dividend payout ratio is 19.56%.

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.