Arvest Bank Trust Division Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

Arvest Bank Trust Division cut its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,880 shares of the insurance provider's stock after selling 11,930 shares during the period. Arvest Bank Trust Division's holdings in Travelers Companies were worth $13,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Travelers Companies by 1.2% in the fourth 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 last quarter. Quent Capital LLC increased its holdings in Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. raised its position in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 44 shares during the last quarter. Somerset Trust Co grew its position in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after buying an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised 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 in the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. UBS Group lowered their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Jefferies Financial Group lifted their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. Barclays reduced their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Trading Up 3.8 %

TRV stock traded up $9.61 during trading on Tuesday, reaching $259.20. 408,823 shares of the stock were exchanged, compared to its average volume of 1,285,174. The business has a 50 day moving average price of $252.61 and a 200-day moving average price of $249.67. The firm has a market capitalization of $58.77 billion, a price-to-earnings ratio of 12.08, 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. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the firm earned $4.69 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.70%. Travelers Companies's dividend payout ratio is 23.95%.

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.