Northwest & Ethical Investments L.P. Trims Position in The Travelers Companies, Inc. (NYSE:TRV)

Northwest & Ethical Investments L.P. cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,743 shares of the insurance provider’s stock after selling 2,452 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Travelers Companies were worth $8,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Berkeley Capital Partners LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth $1,029,000. iA Global Asset Management Inc. increased its stake in shares of Travelers Companies by 91.1% in the fourth quarter. iA Global Asset Management Inc. now owns 14,806 shares of the insurance provider’s stock worth $3,567,000 after purchasing an additional 7,060 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Travelers Companies by 148.0% in the fourth quarter. Teacher Retirement System of Texas now owns 334,053 shares of the insurance provider’s stock worth $80,470,000 after purchasing an additional 199,340 shares in the last quarter. Sandy Spring Bank increased its stake in shares of Travelers Companies by 6.2% in the fourth quarter. Sandy Spring Bank now owns 1,533 shares of the insurance provider’s stock worth $369,000 after purchasing an additional 89 shares in the last quarter. Finally, Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

Shares of TRV opened at $259.36 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The stock has a fifty day moving average price of $247.81 and a 200-day moving average price of $246.73. 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 $58.80 billion, a PE ratio of 12.08, a P/E/G ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The firm 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 dividend of $1.05 per share. 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 is presently 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.