Keybank National Association OH Sells 1,043 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Keybank National Association OH lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 69,704 shares of the insurance provider’s stock after selling 1,043 shares during the period. Keybank National Association OH’s holdings in Travelers Companies were worth $16,791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TRV. Farther Finance Advisors LLC lifted its stake in shares of Travelers Companies by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock worth $588,000 after buying an additional 189 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Travelers Companies by 23.6% during the third quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider’s stock worth $428,000 after acquiring an additional 318 shares during the last quarter. Confluence Wealth Services Inc. acquired a new stake in Travelers Companies during the third quarter worth approximately $209,000. National Pension Service boosted its holdings in shares of Travelers Companies by 12.3% during the third quarter. National Pension Service now owns 674,518 shares of the insurance provider’s stock worth $157,918,000 after acquiring an additional 73,888 shares during the period. Finally, QRG Capital Management Inc. grew its position in shares of Travelers Companies by 14.0% in the third quarter. QRG Capital Management Inc. now owns 62,534 shares of the insurance provider’s stock valued at $14,641,000 after purchasing an additional 7,689 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRV. Wells Fargo & Company boosted their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Trading Down 1.9 %

Shares of Travelers Companies stock opened at $255.85 on Wednesday. The firm’s 50 day moving average is $243.86 and its 200 day moving average is $243.99. The firm has a market capitalization of $58.01 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the business earned $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.64%. Travelers Companies’s dividend payout ratio is presently 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.