The Travelers Companies, Inc. (NYSE:TRV) Holdings Trimmed by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,135 shares of the insurance provider's stock after selling 1,584 shares during the period. Travelers Companies comprises 2.4% of Shorepoint Capital Partners LLC's investment portfolio, making the stock its 7th biggest position. Shorepoint Capital Partners LLC's holdings in Travelers Companies were worth $10,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtu Financial LLC increased its holdings in shares of Travelers Companies by 25.6% in the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock valued at $3,978,000 after acquiring an additional 3,462 shares during the last quarter. Tudor Financial Inc. acquired a new position in Travelers Companies in the third quarter valued at approximately $983,000. World Investment Advisors LLC purchased a new position in Travelers Companies in the third quarter valued at approximately $501,000. Arvest Bank Trust Division acquired a new stake in Travelers Companies during the third quarter worth approximately $16,344,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $2,174,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRV shares. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. UBS Group lowered their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays reduced their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Trading Down 0.5 %

NYSE:TRV opened at $259.19 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $58.72 billion, a P/E ratio of 12.07, a P/E/G ratio of 4.65 and a beta of 0.48. The stock's 50 day moving average price is $254.27 and its 200 day moving average price is $250.39. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the firm posted $4.69 EPS. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.70%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

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.

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