The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,112 shares of the insurance provider’s stock after selling 3,830 shares during the period. Martingale Asset Management L P’s holdings in Travelers Companies were worth $22,912,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TRV. Pinnacle Wealth Management Advisory Group LLC increased its holdings in Travelers Companies by 1.2% in 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 buying an additional 41 shares during the last quarter. Quent Capital LLC increased its holdings in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after acquiring an additional 43 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares during the last quarter. Somerset Trust Co raised its position in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after acquiring an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its holdings in Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TRV shares. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $261.53.

Travelers Companies Trading Up 1.1 %

Shares of TRV opened at $236.50 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. 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 firm has a market capitalization of $53.62 billion, a P/E ratio of 11.02, a PEG ratio of 4.65 and a beta of 0.48. The firm’s 50-day moving average is $251.51 and its two-hundred day moving average is $248.67.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $7.01 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. Travelers Companies’s payout ratio is 19.56%.

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.