The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Trimmed by Cullen Capital Management LLC

Cullen Capital Management LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 706,849 shares of the insurance provider’s stock after selling 36,487 shares during the quarter. Travelers Companies accounts for approximately 1.9% of Cullen Capital Management LLC’s holdings, making the stock its 25th largest position. Cullen Capital Management LLC owned approximately 0.31% of Travelers Companies worth $170,273,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Yoffe Investment Management LLC bought a new position in Travelers Companies in the 4th quarter valued at about $1,202,000. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $4,627,000. Erste Asset Management GmbH increased its stake in shares of Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after acquiring an additional 100 shares during the period. Franklin Resources Inc. raised its holdings in Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Travelers Companies stock opened at $242.64 on Friday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. 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 stock has a market cap of $55.01 billion, a PE ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48. The business’s 50-day moving average price is $252.38 and its two-hundred day moving average price is $248.69.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The business 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 firm’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $7.01 EPS. As a group, 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analyst Ratings Changes

Several analysts have recently weighed in on TRV shares. Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Finally, Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.00.

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.