Caisse Des Depots ET Consignations Buys New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Caisse Des Depots ET Consignations purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,091 shares of the insurance provider’s stock, valued at approximately $504,000.

Several other hedge funds also recently added to or reduced their stakes in TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $37,000. True Wealth Design LLC acquired a new stake in Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the fourth quarter worth $44,000. Finally, Providence First Trust Co purchased a new position in shares of Travelers Companies in the fourth quarter valued at $48,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated 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. Barclays increased 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. BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Trading Up 0.2 %

Travelers Companies stock opened at $262.91 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. 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 market capitalization of $59.61 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 4.65 and a beta of 0.60. The firm has a 50-day moving average price of $250.11 and a two-hundred day moving average price of $247.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates 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 for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $7.01 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

About Travelers Companies

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.