Groupama Asset Managment Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Groupama Asset Managment lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 81.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,925 shares of the insurance provider’s stock after buying an additional 4,917 shares during the quarter. Groupama Asset Managment’s holdings in Travelers Companies were worth $2,621,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC grew its position in Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after buying an additional 43 shares during the last quarter. Salem Investment Counselors Inc. increased its position 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 period. Somerset Trust Co raised its stake in Travelers Companies by 5.2% in 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 during the last quarter. Finally, Lake Street Advisors Group LLC lifted its position in Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after acquiring an additional 46 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several research analyst reports. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research note on Monday, March 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Up 0.0 %

TRV opened at $264.51 on Wednesday. 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 Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a market cap of $59.97 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a 50-day moving average price of $251.56 and a 200 day moving average price of $248.47.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.01 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued 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 1.59%. Travelers Companies’s payout ratio is currently 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.