Trillium Asset Management LLC Sells 8,371 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Trillium Asset Management LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 176,466 shares of the insurance provider's stock after selling 8,371 shares during the period. Travelers Companies comprises approximately 1.1% of Trillium Asset Management LLC's holdings, making the stock its 19th biggest position. Trillium Asset Management LLC owned approximately 0.08% of Travelers Companies worth $42,509,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after acquiring an additional 120,228 shares during the period. FMR LLC raised its stake in Travelers Companies by 12.6% during the 3rd 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 raised its stake in Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after acquiring an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Travelers Companies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock worth $366,820,000 after acquiring an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. raised its stake 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 acquiring an additional 51,589 shares during the period. Institutional investors own 82.45% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average price target of $261.05.

Travelers Companies Trading Down 1.1 %

Shares of NYSE:TRV traded down $2.84 on Friday, hitting $256.70. 3,669,046 shares of the company's stock were exchanged, compared to its average volume of 1,183,001. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The stock has a market capitalization of $58.20 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The business's 50 day simple moving average is $248.29 and its two-hundred day simple moving average is $247.06. 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 released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business 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 earnings per share. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts anticipate 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 will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

Travelers Companies 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.