BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its holdings in shares of Travelers Companies Inc (NYSE:TRV) by 21.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,620 shares of the insurance provider’s stock after selling 20,050 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Travelers Companies were worth $9,961,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc raised its stake in shares of Travelers Companies by 0.3% in the 3rd quarter. Vanguard Group Inc now owns 22,074,825 shares of the insurance provider’s stock worth $2,863,326,000 after buying an additional 65,931 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Travelers Companies by 0.9% in the 4th quarter. BlackRock Inc. now owns 21,075,932 shares of the insurance provider’s stock worth $2,523,843,000 after acquiring an additional 190,871 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Travelers Companies by 4.5% in the 4th quarter. Bank of America Corp DE now owns 3,717,965 shares of the insurance provider’s stock worth $445,226,000 after acquiring an additional 159,502 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Travelers Companies by 1.7% in the 4th quarter. Northern Trust Corp now owns 3,566,973 shares of the insurance provider’s stock worth $427,144,000 after acquiring an additional 60,000 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 3,495,996 shares during the last quarter. 80.45% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on TRV shares. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 target price on the stock in a report on Tuesday, March 26th. Barclays lifted their price target on Travelers Companies from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Monday, April 1st. UBS Group lifted their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Royal Bank of Canada reissued a “neutral” rating and set a $145.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Finally, MKM Partners lifted their price objective on Travelers Companies to $140.00 and gave the company a “neutral” rating in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $142.31.
Shares of NYSE:TRV traded up $0.70 on Friday, reaching $150.11. The company had a trading volume of 1,124,000 shares, compared to its average volume of 1,362,097. Travelers Companies Inc has a twelve month low of $111.08 and a twelve month high of $150.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $39.12 billion, a P/E ratio of 16.79, a P/E/G ratio of 1.36 and a beta of 0.99.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 18th. The insurance provider reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.94 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. The firm’s revenue was up 4.9% compared to the same quarter last year. As a group, research analysts expect that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.77. Travelers Companies’s payout ratio is currently 36.69%.
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.
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