PNC Financial Services Group Inc. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

PNC Financial Services Group Inc. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 404,049 shares of the insurance provider’s stock after acquiring an additional 10,618 shares during the quarter. PNC Financial Services Group Inc. owned about 0.18% of Travelers Companies worth $97,331,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TRV. YANKCOM Partnership purchased a new position in Travelers Companies in the 4th quarter valued at about $27,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $44,000. Providence First Trust Co acquired a new stake in Travelers Companies during the fourth quarter worth approximately $48,000. Finally, Versant Capital Management Inc grew its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TRV. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group upgraded 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. Barclays increased their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. 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 report on Friday, January 24th. Finally, HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Trading Up 0.8 %

Shares of NYSE:TRV opened at $258.09 on Friday. The stock has a market capitalization of $58.51 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60. 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 company has a 50 day moving average price of $244.74 and a 200 day moving average price of $244.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

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

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 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.