First Trust Advisors LP Has $83.49 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

First Trust Advisors LP lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.8% in the fourth quarter, Holdings Channel reports. The firm owned 346,579 shares of the insurance provider’s stock after selling 29,147 shares during the period. First Trust Advisors LP’s holdings in Travelers Companies were worth $83,487,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Travelers Companies by 1.2% in the 4th 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 during the period. Quent Capital LLC lifted its position in 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 in the last quarter. Salem Investment Counselors Inc. boosted its stake in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 44 shares during the period. Somerset Trust Co increased its holdings in 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 purchasing an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after buying an additional 46 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 2.3 %

NYSE TRV opened at $249.90 on Tuesday. The company has a market cap of $56.66 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business’s fifty day moving average is $252.61 and its 200 day moving average is $249.67.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the firm posted $4.69 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio is presently 23.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TRV. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Evercore ISI increased their price target on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $267.32.

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.