The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 19,250 shares of the insurance provider’s stock after selling 150 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Travelers Companies were worth $4,673,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the 4th quarter worth approximately $37,000. Asset Planning Inc purchased a new position in Travelers Companies in the 4th quarter worth approximately $44,000. Providence First Trust Co acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRV. Barclays upped their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Trading Up 0.0 %

NYSE TRV opened at $264.51 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a 50-day simple moving average of $251.56 and a 200-day simple moving average of $248.47. The firm has a market capitalization 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.

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

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

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.