Northwest & Ethical Investments L.P. Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Northwest & Ethical Investments L.P. reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 36,743 shares of the insurance provider's stock after selling 2,452 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Travelers Companies were worth $8,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. FMR LLC increased its stake in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Travelers Companies during the fourth quarter worth about $138,619,000. Proficio Capital Partners LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $96,012,000. Bank of Montreal Can raised its stake in Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock worth $166,645,000 after purchasing an additional 282,884 shares during the period. Finally, Bryn Mawr Capital Management LLC boosted its holdings in Travelers Companies by 15,056.4% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock valued at $57,394,000 after purchasing an additional 236,686 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TRV shares. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Finally, HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Monday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $260.00.

Travelers Companies Stock Up 0.0 %

Shares of Travelers Companies stock traded up $0.06 on Tuesday, reaching $259.50. 1,136,238 shares of the company were exchanged, compared to its average volume of 1,182,880. The stock's 50 day moving average price is $248.83 and its 200-day moving average price is $247.37. 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 Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The company has a market cap of $58.84 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. The firm's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.01 EPS. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies's dividend payout ratio is currently 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.