The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 91.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,806 shares of the insurance provider’s stock after purchasing an additional 7,060 shares during the period. iA Global Asset Management Inc.’s holdings in Travelers Companies were worth $3,567,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $37,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $44,000. Finally, Providence First Trust Co acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $48,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.7 %

NYSE:TRV opened at $259.36 on Friday. 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 stock has a market cap of $58.80 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.60. The business has a fifty day moving average of $247.81 and a 200-day moving average of $246.73. 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 data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate 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 company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.01 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued 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 dividend payout ratio (DPR) is 19.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $261.05.

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.