New Vernon Investment Management LLC Sells 11,520 Shares of The Travelers Companies, Inc. (NYSE:TRV)

New Vernon Investment Management LLC decreased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 79.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,985 shares of the insurance provider’s stock after selling 11,520 shares during the quarter. Travelers Companies makes up about 0.4% of New Vernon Investment Management LLC’s investment portfolio, making the stock its 24th largest position. New Vernon Investment Management LLC’s holdings in Travelers Companies were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the stock. YANKCOM Partnership bought a new position in shares of Travelers Companies during the fourth quarter valued at $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the 4th quarter valued at about $37,000. Asset Planning Inc bought a new position in Travelers Companies during the 4th quarter valued at about $44,000. Providence First Trust Co acquired a new position in Travelers Companies in the fourth quarter valued at about $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies during the fourth quarter worth about $55,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. UBS Group cut their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $260.53 on Friday. The firm has a fifty day moving average of $253.84 and a two-hundred day moving average of $250.06. 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 capitalization of $59.03 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the company posted $4.69 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

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.