Wells Fargo & Company MN lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 846,782 shares of the insurance provider's stock after purchasing an additional 2,958 shares during the period. Wells Fargo & Company MN owned about 0.37% of Travelers Companies worth $203,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the company. First Western Trust Bank acquired a new position in shares of Travelers Companies in the fourth quarter worth about $206,000. Unison Advisors LLC raised its holdings in Travelers Companies by 0.4% in the 4th quarter. Unison Advisors LLC now owns 15,307 shares of the insurance provider's stock worth $3,687,000 after purchasing an additional 66 shares during the period. Yoffe Investment Management LLC purchased a new position in Travelers Companies during the fourth quarter worth approximately $1,202,000. Pitcairn Co. grew its holdings in Travelers Companies by 4.3% in the fourth quarter. Pitcairn Co. now owns 3,863 shares of the insurance provider's stock valued at $931,000 after purchasing an additional 158 shares during the period. Finally, Biltmore Family Office LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $201,000. 82.45% of the stock is owned by hedge funds and other institutional investors.
Travelers Companies Trading Down 0.1 %
Shares of TRV traded down $0.21 during mid-day trading on Friday, reaching $244.96. The stock had a trading volume of 1,367,015 shares, compared to its average volume of 1,303,946. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 4.65 and a beta of 0.48. The business's fifty day moving average is $251.59 and its 200 day moving average is $248.84. 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 posted its quarterly earnings results 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the prior year, the company posted $7.01 EPS. The business's revenue for the quarter was up 9.9% on a year-over-year basis. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies's dividend payout ratio is currently 19.56%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday. The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Keefe, Bruyette & Woods lowered their price objective on Travelers Companies from $286.00 to $274.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, UBS Group cut their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $263.37.
View Our Latest Stock Analysis on TRV
About Travelers Companies
(
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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