Sienna Gestion boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 30.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,559 shares of the insurance provider's stock after buying an additional 9,459 shares during the quarter. Sienna Gestion's holdings in Travelers Companies were worth $9,769,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter valued at $27,000. True Wealth Design LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the 4th quarter valued at $44,000. Providence First Trust Co bought a new stake in Travelers Companies during the 4th quarter valued at $48,000. Finally, Versant Capital Management Inc raised its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after buying an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.
Travelers Companies Stock Down 1.9 %
Travelers Companies stock traded down $4.96 during mid-day trading on Tuesday, reaching $260.17. The stock had a trading volume of 2,232,704 shares, compared to its average volume of 1,173,816. The company has a market capitalization of $58.99 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 4.65 and a beta of 0.60. The company has a 50-day moving average price of $246.73 and a two-hundred day moving average price of $246.31. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly 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 company had revenue of $12.01 billion for the quarter, compared to analysts' expectations 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 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, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.
Wall Street Analyst Weigh In
A number of research firms recently commented on TRV. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective 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. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $261.05.
Check Out Our Latest Stock Analysis on Travelers Companies
Travelers Companies Profile
(
Free Report)
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.
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