Amundi Sells 325,429 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Amundi reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 29.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 780,274 shares of the insurance provider's stock after selling 325,429 shares during the period. Amundi owned about 0.34% of Travelers Companies worth $189,427,000 as of its most recent filing with the SEC.

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

Travelers Companies Price Performance

NYSE TRV traded down $2.26 during trading hours on Wednesday, reaching $252.30. 1,671,064 shares of the stock traded hands, compared to its average volume of 1,171,452. The stock has a 50 day simple moving average of $245.58 and a two-hundred day simple moving average of $245.39. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a market cap of $57.20 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Remove Ads

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.66%. Travelers Companies's payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Finally, 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. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $261.05.

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.