Advisors Asset Management Inc. Sells 9,207 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Advisors Asset Management Inc. lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,196 shares of the insurance provider's stock after selling 9,207 shares during the period. Advisors Asset Management Inc.'s holdings in Travelers Companies were worth $2,215,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after purchasing an additional 120,228 shares during the period. FMR LLC boosted its holdings in shares of Travelers Companies by 12.6% during the third 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 period. Geode Capital Management LLC grew its position in shares of Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Travelers Companies by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock worth $366,820,000 after purchasing an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in Travelers Companies by 4.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock worth $286,475,000 after purchasing an additional 51,589 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research firms have weighed in on TRV. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Barclays lifted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. BMO Capital Markets increased their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Finally, HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $260.00.

Travelers Companies Trading Up 0.9 %

Travelers Companies stock traded up $2.28 during trading hours on Wednesday, hitting $261.73. The stock had a trading volume of 1,111,403 shares, compared to its average volume of 1,183,700. The stock has a market cap of $59.34 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business's 50 day simple moving average is $249.27 and its 200-day simple moving average is $247.54. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its 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 business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 EPS. The firm's revenue was up 9.9% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies's payout ratio is 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.