Arjuna Capital Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Arjuna Capital lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,402 shares of the insurance provider’s stock after selling 543 shares during the quarter. Travelers Companies makes up about 1.3% of Arjuna Capital’s portfolio, making the stock its 23rd biggest position. Arjuna Capital’s holdings in Travelers Companies were worth $4,915,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership bought a new position in shares of Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter worth about $41,000. Asset Planning Inc bought a new position in Travelers Companies during the 4th quarter worth about $44,000. Providence First Trust Co purchased a new position in Travelers Companies during the 4th quarter valued at about $48,000. Finally, Versant Capital Management Inc increased its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TRV shares. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays lifted their price target on Travelers Companies from $278.00 to $287.00 and gave the company 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 price objective for the company in a research note on Tuesday, December 10th. Finally, BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

Shares of TRV opened at $258.09 on Friday. The firm has a market capitalization of $58.51 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company’s fifty day moving average price is $244.74 and its 200-day moving average price is $244.45. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend is Monday, March 10th. 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.