Whittier Trust Co. Sells 79 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Whittier Trust Co. reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 56,438 shares of the insurance provider’s stock after selling 79 shares during the period. Whittier Trust Co.’s holdings in Travelers Companies were worth $13,595,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC grew its holdings in shares of Travelers Companies by 167.4% during the third quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock worth $2,403,000 after purchasing an additional 6,426 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Travelers Companies by 8.7% during the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock valued at $3,982,000 after acquiring an additional 1,360 shares in the last quarter. Prospera Financial Services Inc raised its holdings in Travelers Companies by 61.1% in the third quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 1,794 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in shares of Travelers Companies by 16.0% during the third quarter. Fifth Third Wealth Advisors LLC now owns 3,450 shares of the insurance provider’s stock valued at $808,000 after buying an additional 476 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Travelers Companies during the third quarter valued at $2,932,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 0.4 %

Travelers Companies stock opened at $261.50 on Thursday. 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 business’s 50-day simple moving average is $247.48 and its two-hundred day simple moving average is $246.64. The company has a market cap of $59.29 billion, a PE ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

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

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

Several brokerages have issued reports on TRV. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Four investment 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. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $261.05.

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.