Cullen Frost Bankers Inc. Sells 947 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Cullen Frost Bankers Inc. lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 91,628 shares of the insurance provider’s stock after selling 947 shares during the period. Cullen Frost Bankers Inc.’s holdings in Travelers Companies were worth $22,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter worth approximately $27,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the 4th quarter worth $44,000. Providence First Trust Co bought a new position in shares of Travelers Companies in the 4th quarter worth $48,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.9 %

Shares of TRV opened at $257.97 on Thursday. The stock has a market capitalization of $58.49 billion, a P/E ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60. 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 firm has a fifty day simple moving average of $244.16 and a two-hundred day simple moving average of $244.09. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last announced 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. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.01 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio is 19.56%.

Analyst Ratings Changes

A number of equities analysts have recently commented on TRV shares. Keefe, Bruyette & Woods raised shares of 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 report on Wednesday, February 19th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. BMO Capital Markets increased their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously 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, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target 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.