US Bancorp DE Sells 3,670 Shares of The Travelers Companies, Inc. (NYSE:TRV)

US Bancorp DE cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 543,013 shares of the insurance provider’s stock after selling 3,670 shares during the period. US Bancorp DE’s holdings in Travelers Companies were worth $130,806,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TRV. YANKCOM Partnership bought a new position in Travelers Companies in the fourth quarter valued at approximately $27,000. True Wealth Design LLC bought a new position in Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc bought a new position in Travelers Companies in the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the third quarter valued at approximately $50,000. Finally, Versant Capital Management Inc grew its stake in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 1.5 %

Shares of TRV opened at $258.65 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The business’s fifty day moving average is $243.21 and its 200-day moving average is $242.98. 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 firm has a market cap of $58.64 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the company posted $7.01 EPS. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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 paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TRV shares. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. BMO Capital Markets raised their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Finally, Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $261.05.

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.