Northern Trust Corp Has $801.98 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Northern Trust Corp grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,329,232 shares of the insurance provider’s stock after acquiring an additional 364,379 shares during the quarter. Northern Trust Corp owned 1.47% of Travelers Companies worth $801,979,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TRV. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $37,000. Asset Planning Inc acquired a new stake in Travelers Companies during the 4th quarter valued at $44,000. Quarry LP increased its holdings in Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 152 shares in the last quarter. Finally, Providence First Trust Co acquired a new stake in Travelers Companies during the 4th quarter valued at $48,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.9 %

NYSE:TRV opened at $261.56 on Tuesday. The company has a market cap of $59.26 billion, a P/E ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.48. The stock’s fifty day moving average price is $254.66 and its two-hundred day moving average price is $250.68. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price target on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. UBS Group lowered their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Barclays lowered their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $267.32.

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.