Cibc World Markets Corp Has $42.69 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cibc World Markets Corp reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 177,233 shares of the insurance provider’s stock after selling 11,578 shares during the period. Cibc World Markets Corp’s holdings in Travelers Companies were worth $42,694,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Travelers Companies during the fourth quarter worth approximately $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 2.1 %

TRV stock opened at $261.26 on Monday. The stock’s fifty day simple moving average is $246.26 and its two-hundred day simple moving average is $246.03. 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 Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The stock has a market cap of $59.23 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $7.01 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays raised their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $261.05.

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.