IHT Wealth Management LLC Lowers Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

IHT Wealth Management LLC trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 42.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,687 shares of the insurance provider's stock after selling 4,892 shares during the quarter. IHT Wealth Management LLC's holdings in Travelers Companies were worth $1,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Yoffe Investment Management LLC acquired a new stake in Travelers Companies in the fourth quarter valued at $1,202,000. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies during the fourth quarter worth about $4,627,000. Erste Asset Management GmbH lifted its stake in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after acquiring an additional 100 shares during the period. Franklin Resources Inc. increased its position in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Finally, Czech National Bank lifted its position in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRV. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Wells Fargo & Company lifted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Jefferies Financial Group increased their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $1.21 during trading hours on Friday, hitting $259.19. 1,087,926 shares of the company's stock traded hands, compared to its average volume of 1,292,677. The company has a fifty day simple moving average of $254.27 and a 200-day simple moving average of $250.26. 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 stock has a market capitalization of $58.72 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share 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 firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the company earned $4.69 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

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