The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,139 shares of the insurance provider’s stock after buying an additional 460 shares during the period. Treasurer of the State of North Carolina’s holdings in Travelers Companies were worth $24,845,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Travelers Companies in the 4th quarter valued at $560,918,000. Raymond James Financial Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter worth $138,619,000. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $96,012,000. Bryn Mawr Capital Management LLC lifted its stake in shares of Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after buying an additional 236,686 shares in the last quarter. Finally, FMR LLC boosted its position in Travelers Companies by 1.6% during the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock worth $3,439,392,000 after acquiring an additional 229,160 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.3 %

Shares of NYSE:TRV opened at $244.94 on Friday. The firm has a market capitalization of $55.53 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50-day moving average is $251.58 and its two-hundred day moving average is $248.78.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the firm earned $7.01 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts predict 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

A number of research firms have weighed in on TRV. UBS Group decreased their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday. Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $225.00 to $247.00 in a research note on Wednesday. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $261.89.

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.