Achmea Investment Management B.V. Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Achmea Investment Management B.V. raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,818 shares of the insurance provider's stock after purchasing an additional 993 shares during the period. Achmea Investment Management B.V.'s holdings in Travelers Companies were worth $4,774,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in Travelers Companies during the 4th quarter valued at $27,000. True Wealth Design LLC purchased a new stake in Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc purchased a new stake in Travelers Companies during the 4th quarter valued at $44,000. Providence First Trust Co bought a new position in shares of Travelers Companies during the 4th quarter valued at $48,000. Finally, Versant Capital Management Inc lifted its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after buying an additional 215 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. HSBC raised Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Janney Montgomery Scott cut Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $261.05.

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Travelers Companies Price Performance

NYSE:TRV traded up $1.00 on Wednesday, reaching $261.50. 1,602,195 shares of the company's stock traded hands, compared to its average volume of 1,174,779. 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 stock has a 50-day simple moving average of $247.11 and a 200-day simple moving average of $246.54. The firm has a market cap of $59.29 billion, a PE ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business's quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $7.01 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies's payout ratio is 19.56%.

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.