The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Ethic Inc.

Ethic Inc. lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 38.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,951 shares of the insurance provider’s stock after acquiring an additional 12,801 shares during the quarter. Ethic Inc.’s holdings in Travelers Companies were worth $11,069,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $27,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies during the fourth quarter valued at $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the fourth quarter valued at $37,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the fourth quarter worth about $44,000. Finally, Quarry LP boosted its stake in shares of Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $270.95 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $273.08. The company has a market cap of $61.39 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The stock has a 50 day simple moving average of $257.23 and a 200-day simple moving average of $251.50.

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

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a report on Monday, March 24th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Monday. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Finally, Jefferies Financial Group increased their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price 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.