Bank of Montreal Can Sells 264,949 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bank of Montreal Can lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 37.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 440,844 shares of the insurance provider's stock after selling 264,949 shares during the period. Bank of Montreal Can owned 0.19% of Travelers Companies worth $106,195,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TRV. Vanguard Group Inc. grew its position in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after buying an additional 117,108 shares during the last quarter. FMR LLC lifted its holdings in shares of Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after purchasing an additional 229,160 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Travelers Companies by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after purchasing an additional 182,270 shares during the period. Norges Bank acquired a new position in Travelers Companies during the fourth quarter worth approximately $560,918,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after acquiring an additional 26,117 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently weighed in on TRV shares. UBS Group lowered their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company raised shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $225.00 to $247.00 in a report on Wednesday, April 9th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Finally, The Goldman Sachs Group upgraded 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. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $263.37.

Travelers Companies Stock Performance

NYSE:TRV traded up $5.50 during trading hours on Monday, hitting $250.63. 170,145 shares of the company traded hands, compared to its average volume of 1,300,343. The firm has a 50-day moving average of $251.59 and a 200 day moving average of $248.93. The stock has a market capitalization of $56.82 billion, a price-to-earnings ratio of 11.67, 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 twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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 during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies's revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $7.01 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date was 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.