Amundi Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Amundi lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 29.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 780,274 shares of the insurance provider’s stock after selling 325,429 shares during the quarter. Amundi owned about 0.34% of Travelers Companies worth $189,427,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $27,000. True Wealth Design LLC purchased a new position in Travelers Companies during the third quarter valued at $41,000. Asset Planning Inc bought a new stake in Travelers Companies in the fourth quarter worth $44,000. Providence First Trust Co bought a new stake in Travelers Companies in the fourth quarter worth $48,000. Finally, Versant Capital Management Inc grew its stake in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Trading Up 0.8 %

Shares of TRV stock opened at $258.09 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock’s fifty day moving average is $244.74 and its two-hundred day moving average is $244.84. The firm has a market capitalization of $58.51 billion, a P/E ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 1.63%. Travelers Companies’s payout ratio is currently 19.56%.

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.