The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 846,782 shares of the insurance provider’s stock after purchasing an additional 2,958 shares during the period. Wells Fargo & Company MN owned approximately 0.37% of Travelers Companies worth $203,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. YANKCOM Partnership acquired a new position in Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $37,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $55,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Down 7.8 %

TRV opened at $242.64 on Friday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. 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 has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The business’s 50-day simple moving average is $252.38 and its 200-day simple moving average is $248.74.

Travelers Companies (NYSE:TRV) last released 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 company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $7.01 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Travelers Companies 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.