United Capital Financial Advisors LLC Reduces Position in The Travelers Companies, Inc. (NYSE:TRV)

United Capital Financial Advisors LLC reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,726 shares of the insurance provider's stock after selling 981 shares during the period. United Capital Financial Advisors LLC's holdings in Travelers Companies were worth $2,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. YANKCOM Partnership purchased a new position in Travelers Companies in the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $37,000. Asset Planning Inc purchased a new position in Travelers Companies during the fourth quarter worth approximately $44,000. Providence First Trust Co purchased a new stake in Travelers Companies in the 4th quarter valued at $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter worth $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE:TRV opened at $256.05 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a fifty day simple moving average of $252.15 and a two-hundred day simple moving average of $249.22. 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 company has a market cap of $58.05 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate 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 business earned $4.69 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.72%. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRV. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $267.32.

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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