The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,112 shares of the insurance provider's stock after selling 3,830 shares during the period. Martingale Asset Management L P's holdings in Travelers Companies were worth $22,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership bought a new stake in Travelers Companies in the fourth quarter worth about $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter valued at $44,000. Providence First Trust Co purchased a new stake in Travelers Companies in the fourth quarter worth $48,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Travelers Companies during the fourth quarter worth $55,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 2.1 %

Shares of TRV traded up $5.18 during midday trading on Monday, reaching $250.31. The company had a trading volume of 200,147 shares, compared to its average volume of 1,425,010. The firm has a 50 day simple moving average of $251.59 and a 200-day simple moving average of $248.93. 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 stock has a market cap of $56.75 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

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Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 EPS. The company's quarterly revenue was up 9.9% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

Wall Street Analyst Weigh In

Several research analysts recently commented on TRV shares. UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Barclays reduced their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday. Wells Fargo & Company upgraded Travelers Companies from an "underweight" rating to an "equal weight" rating and boosted their price target for the company from $225.00 to $247.00 in a report on Wednesday, April 9th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $263.37.

Travelers Companies Company Profile

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.