Gabelli Funds LLC Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

Gabelli Funds LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,500 shares of the insurance provider’s stock after selling 400 shares during the quarter. Gabelli Funds LLC’s holdings in Travelers Companies were worth $16,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bridgewater Associates LP increased its stake in Travelers Companies by 38.7% in the 4th quarter. Bridgewater Associates LP now owns 92,450 shares of the insurance provider’s stock worth $22,270,000 after buying an additional 25,787 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Travelers Companies during the 4th quarter valued at approximately $23,820,000. Dagco Inc. lifted its holdings in Travelers Companies by 2.4% in the 4th quarter. Dagco Inc. now owns 6,546 shares of the insurance provider’s stock worth $1,577,000 after purchasing an additional 152 shares in the last quarter. Canada Post Corp Registered Pension Plan bought a new position in Travelers Companies in the 4th quarter worth approximately $889,000. Finally, Mariner LLC raised its position in shares of Travelers Companies by 19.3% during the fourth quarter. Mariner LLC now owns 58,442 shares of the insurance provider’s stock valued at $14,078,000 after buying an additional 9,465 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on TRV shares. 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 note on Monday, March 24th. UBS Group cut their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Wells Fargo & Company raised shares of Travelers Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $225.00 to $247.00 in a research note on Wednesday, April 9th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $263.37.

Travelers Companies Trading Down 0.5 %

TRV stock opened at $249.52 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The firm’s 50-day moving average is $251.72 and its 200 day moving average is $249.04. The company has a market capitalization of $56.57 billion, a PE ratio of 11.62, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $7.01 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio 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.