The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 105,569 shares of the insurance provider’s stock after selling 138 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Travelers Companies were worth $25,430,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Curi RMB Capital LLC acquired a new stake in Travelers Companies during the third quarter valued at approximately $460,000. CIBC Asset Management Inc raised its position in shares of Travelers Companies by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 33,337 shares of the insurance provider’s stock valued at $7,805,000 after acquiring an additional 2,455 shares in the last quarter. Empowered Funds LLC lifted its stake in Travelers Companies by 167.4% during the third quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock worth $2,403,000 after purchasing an additional 6,426 shares during the last quarter. Coastline Trust Co acquired a new position in Travelers Companies in the third quarter worth $67,000. Finally, Mizuho Securities USA LLC boosted its holdings in Travelers Companies by 40.3% in the third quarter. Mizuho Securities USA LLC now owns 24,770 shares of the insurance provider’s stock worth $5,799,000 after purchasing an additional 7,112 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Price Performance

TRV stock opened at $261.26 on Monday. 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 $246.26 and a two-hundred day moving average of $246.03. The firm has a market capitalization of $59.23 billion, a PE ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60. 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 posted 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. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $7.01 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

About Travelers Companies

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.