Arvest Investments Inc. Sells 9,452 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Arvest Investments Inc. lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 62.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,584 shares of the insurance provider's stock after selling 9,452 shares during the period. Arvest Investments Inc.'s holdings in Travelers Companies were worth $1,345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter worth about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter worth about $37,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the third quarter worth approximately $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $44,000. Finally, Providence First Trust Co purchased a new position in Travelers Companies in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

TRV stock traded up $3.00 during midday trading on Monday, hitting $259.70. The company's stock had a trading volume of 1,240,000 shares, compared to its average volume of 1,183,365. 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 Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a 50 day moving average of $248.29 and a two-hundred day moving average of $247.17. The firm has a market capitalization of $58.88 billion, a price-to-earnings ratio of 12.10, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

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Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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%. Travelers Companies's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.01 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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 is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies's payout ratio is 19.56%.

Analysts Set New Price Targets

TRV has been the topic of several research analyst reports. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upgraded 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. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus price target of $260.00.

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.