Northwest & Ethical Investments L.P. Trims Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Northwest & Ethical Investments L.P. decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,743 shares of the insurance provider’s stock after selling 2,452 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Travelers Companies were worth $8,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC grew its position in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Raymond James Financial Inc. acquired a new stake in Travelers Companies during the 4th quarter worth about $138,619,000. Proficio Capital Partners LLC acquired a new stake in Travelers Companies during the 4th quarter worth about $96,012,000. Bank of Montreal Can grew its position in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after purchasing an additional 282,884 shares during the period. Finally, Bryn Mawr Capital Management LLC grew its position in Travelers Companies by 15,056.4% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after purchasing an additional 236,686 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRV. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Finally, BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Stock Down 0.7 %

TRV stock opened at $259.36 on Friday. The firm has a market cap of $58.80 billion, a PE ratio of 12.08, 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 firm’s 50 day moving average price is $247.81 and its 200-day moving average price is $246.73. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly 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 for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.01 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company 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 dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 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.