The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Bank of Nova Scotia

Bank of Nova Scotia grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 254.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 307,147 shares of the insurance provider's stock after purchasing an additional 220,467 shares during the period. Bank of Nova Scotia owned 0.14% of Travelers Companies worth $73,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in Travelers Companies during the fourth quarter worth approximately $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth $37,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the fourth quarter worth $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. acquired a new position in Travelers Companies in the fourth quarter valued at $55,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 2.1 %

TRV traded up $5.18 during trading hours on Monday, reaching $250.31. 200,147 shares of the stock traded hands, compared to its average volume of 1,425,010. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a market cap of $56.75 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm's fifty day simple moving average is $251.59 and its two-hundred day simple moving average is $248.93.

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Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for 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%. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $7.01 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced 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 dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday. Finally, Keefe, Bruyette & Woods cut their target price on Travelers Companies from $286.00 to $274.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $263.37.

Travelers Companies Company 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.