Caisse Des Depots ET Consignations Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Caisse Des Depots ET Consignations purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, HoldingsChannel reports. The fund purchased 2,091 shares of the insurance provider’s stock, valued at approximately $504,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. Raymond James Financial Inc. bought a new position in Travelers Companies during the fourth quarter valued at about $138,619,000. Proficio Capital Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $96,012,000. Bryn Mawr Capital Management LLC raised its holdings in shares of Travelers Companies by 15,056.4% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after purchasing an additional 236,686 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Travelers Companies during the third quarter valued at approximately $54,988,000. Finally, Janus Henderson Group PLC boosted its holdings in Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after buying an additional 232,428 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays increased their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Up 0.2 %

TRV stock opened at $262.91 on Friday. 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 has a market cap of $59.61 billion, a PE ratio of 12.25, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a fifty day simple moving average of $250.11 and a 200 day simple moving average of $247.75.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business earned $7.01 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. Sell-side 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 given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio 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.