The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co trimmed its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 267,476 shares of the insurance provider's stock after selling 35,390 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.12% of Travelers Companies worth $64,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Travelers Companies in the fourth quarter worth about $27,000. Generali Investments Management Co LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the fourth quarter worth $44,000. Providence First Trust Co purchased a new position in Travelers Companies during the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies in the 4th quarter valued at $55,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 0.8 %

Shares of TRV traded down $2.04 during mid-day trading on Wednesday, hitting $259.27. 878,700 shares of the company traded hands, compared to its average volume of 1,288,010. The business has a 50 day moving average of $252.98 and a 200 day moving average of $249.76. The company has a market capitalization of $58.78 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. 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 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 results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the business posted $4.69 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on TRV shares. Barclays cut their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Finally, Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $267.32.

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.