Korea Investment CORP Purchases 2,163 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Korea Investment CORP increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 165,931 shares of the insurance provider’s stock after purchasing an additional 2,163 shares during the period. Korea Investment CORP owned 0.07% of Travelers Companies worth $39,971,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TRV. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC grew its stake in Travelers Companies by 3.3% in the 4th 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. raised its holdings in 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 lifted its position in Travelers Companies by 5.2% during the fourth 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 boosted its holdings in shares of Travelers Companies by 2.0% during the fourth 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 and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Monday. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays boosted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Trading Up 0.2 %

Shares of Travelers Companies stock opened at $262.91 on Friday. The firm has a market capitalization of $59.61 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $250.11 and its 200 day moving average is $247.75. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV) last announced its quarterly 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 analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $7.01 EPS. Equities research analysts forecast 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 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 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) 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.