Alliancebernstein L.P. cut its stake in Travelers Companies Inc (NYSE:TRV) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 684,309 shares of the insurance provider’s stock after selling 19,266 shares during the period. Alliancebernstein L.P.’s holdings in Travelers Companies were worth $92,820,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BerganKDV Wealth Management LLC raised its stake in shares of Travelers Companies by 3.5% in the fourth quarter. BerganKDV Wealth Management LLC now owns 10,951 shares of the insurance provider’s stock worth $1,485,000 after acquiring an additional 375 shares during the last quarter. Afam Capital Inc. raised its stake in shares of Travelers Companies by 2.0% in the third quarter. Afam Capital Inc. now owns 19,280 shares of the insurance provider’s stock worth $2,362,000 after acquiring an additional 383 shares during the last quarter. Private Trust Co. NA raised its stake in shares of Travelers Companies by 14.3% in the fourth quarter. Private Trust Co. NA now owns 3,100 shares of the insurance provider’s stock worth $420,000 after acquiring an additional 387 shares during the last quarter. FDx Advisors Inc. raised its stake in shares of Travelers Companies by 2.6% during the fourth quarter. FDx Advisors Inc. now owns 15,071 shares of the insurance provider’s stock worth $2,044,000 after buying an additional 389 shares during the last quarter. Finally, First Allied Advisory Services Inc. raised its stake in shares of Travelers Companies by 2.2% during the third quarter. First Allied Advisory Services Inc. now owns 19,025 shares of the insurance provider’s stock worth $2,339,000 after buying an additional 411 shares during the last quarter. 79.42% of the stock is owned by institutional investors.
TRV has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “buy” rating and set a $148.00 price target on shares of Travelers Companies in a research note on Friday, December 8th. Bank of America raised shares of Travelers Companies from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. Atlantic Securities raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and set a $110.00 price target for the company in a research note on Friday, January 26th. Finally, Wells Fargo & Co set a $125.00 price target on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Tuesday, November 14th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $137.20.
Shares of Travelers Companies Inc (NYSE:TRV) opened at $142.30 on Friday. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month high of $150.55. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.28. The company has a market cap of $38,950.00, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.
Travelers Companies (NYSE:TRV) last issued its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.56 by ($0.28). Travelers Companies had a net margin of 7.13% and a return on equity of 8.61%. The firm had revenue of $7.45 billion during the quarter, compared to the consensus estimate of $6.47 billion. During the same period in the previous year, the company posted $3.20 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities research analysts forecast that Travelers Companies Inc will post 10.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 9th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is presently 37.02%.
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Travelers Companies Profile
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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