Oberweis Asset Management Inc. Has $466,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Oberweis Asset Management Inc. lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,933 shares of the insurance provider’s stock after selling 49 shares during the period. Oberweis Asset Management Inc.’s holdings in Travelers Companies were worth $466,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the 4th quarter worth $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the fourth quarter worth $37,000. Asset Planning Inc bought a new position in Travelers Companies during the fourth quarter valued at about $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies in the fourth quarter worth about $48,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Travelers Companies during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.6 %

Shares of Travelers Companies stock opened at $260.53 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The firm has a market capitalization of $59.03 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. 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’s fifty day moving average price is $253.84 and its two-hundred day moving average price is $250.06.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the firm posted $4.69 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. Travelers Companies’s dividend payout ratio is presently 23.95%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TRV. BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research report on Thursday, April 17th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Evercore ISI lifted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. Finally, UBS Group decreased their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $267.32.

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.