Investors Research Corp Sells 193 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Investors Research Corp lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,186 shares of the insurance provider’s stock after selling 193 shares during the quarter. Investors Research Corp’s holdings in Travelers Companies were worth $286,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Elevate Capital Advisors LLC acquired a new position in Travelers Companies during the fourth quarter worth $4,627,000. Franklin Resources Inc. increased 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 buying an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after buying an additional 4,665 shares during the last quarter. Czech National Bank increased its holdings in Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Travelers Companies during the third quarter worth $1,219,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRV. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

Travelers Companies stock opened at $256.81 on Tuesday. The business has a 50 day moving average of $245.08 and a 200-day moving average of $245.11. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $58.22 billion, a P/E ratio of 11.96, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm posted $7.01 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

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.