Legal & General Group Plc Sells 442,727 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Legal & General Group Plc lowered its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,750,908 shares of the insurance provider's stock after selling 442,727 shares during the period. Legal & General Group Plc owned approximately 0.77% of Travelers Companies worth $421,776,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Quantinno Capital Management LP increased its stake in Travelers Companies by 34.9% in the third quarter. Quantinno Capital Management LP now owns 13,232 shares of the insurance provider's stock valued at $3,098,000 after acquiring an additional 3,422 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Travelers Companies by 57.0% during the 3rd quarter. Two Sigma Advisers LP now owns 82,100 shares of the insurance provider's stock worth $19,221,000 after buying an additional 29,800 shares during the last quarter. Worldquant Millennium Advisors LLC boosted its stake in Travelers Companies by 5.8% in the third quarter. Worldquant Millennium Advisors LLC now owns 12,216 shares of the insurance provider's stock valued at $2,860,000 after buying an additional 675 shares in the last quarter. EP Wealth Advisors LLC raised its stake in Travelers Companies by 117.6% during the third quarter. EP Wealth Advisors LLC now owns 6,129 shares of the insurance provider's stock worth $1,435,000 after acquiring an additional 3,312 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its stake in shares of Travelers Companies by 7.1% in the 3rd quarter. iA Global Asset Management Inc. now owns 7,746 shares of the insurance provider's stock valued at $1,813,000 after purchasing an additional 514 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

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Travelers Companies Trading Down 0.1 %

TRV stock traded down $0.21 during mid-day trading on Friday, reaching $244.96. The company's stock had a trading volume of 1,367,015 shares, compared to its average volume of 1,304,761. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. 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 business's 50 day moving average price is $251.59 and its 200 day moving average price is $248.93. The company has a market cap of $55.54 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.01 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Jefferies Financial Group increased 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. UBS Group cut their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Monday, March 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $263.37.

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.