The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Lifted by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 32.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,175 shares of the insurance provider’s stock after purchasing an additional 534 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Travelers Companies were worth $524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC grew its position in Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares in the last quarter. Quent Capital LLC grew its position in Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares in the last quarter. Salem Investment Counselors Inc. grew its position in Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co grew its position in Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group grew its position in Travelers Companies by 3.8% during the third quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on TRV shares. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Barclays lifted their target price 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. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Price Performance

NYSE:TRV opened at $259.36 on Friday. The stock has a market cap of $58.80 billion, a P/E ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a fifty day moving average price of $247.81 and a 200 day moving average price of $246.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $7.01 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s 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.