iA Global Asset Management Inc. Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

iA Global Asset Management Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 91.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,806 shares of the insurance provider’s stock after purchasing an additional 7,060 shares during the quarter. iA Global Asset Management Inc.’s holdings in Travelers Companies were worth $3,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Thrivent Financial for Lutherans increased its position in Travelers Companies by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after purchasing an additional 1,360 shares in the last quarter. Prospera Financial Services Inc increased its position in Travelers Companies by 61.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 1,794 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Travelers Companies during the 3rd quarter worth about $2,932,000. Prospera Private Wealth LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at about $84,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Travelers Companies in the 3rd quarter valued at about $405,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the company. BMO Capital Markets lifted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” 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 target for the company in a report on Tuesday, December 10th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Royal Bank of Canada restated 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. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

Travelers Companies stock opened at $259.36 on Friday. The stock’s 50 day moving average price is $247.81 and its 200 day moving average price is $246.73. The firm has a market capitalization of $58.80 billion, a PE ratio of 12.08, 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 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.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping 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 firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 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.