APG Asset Management N.V. trimmed its position in Travelers Companies Inc (NYSE:TRV) by 42.7% in the first quarter, Holdings Channel.com reports. The fund owned 530,416 shares of the insurance provider’s stock after selling 394,938 shares during the period. APG Asset Management N.V.’s holdings in Travelers Companies were worth $64,792,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $322,118,000. FMR LLC increased its holdings in shares of Travelers Companies by 27.8% in the 4th quarter. FMR LLC now owns 10,525,313 shares of the insurance provider’s stock valued at $1,441,441,000 after acquiring an additional 2,288,084 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Travelers Companies by 48.9% in the 1st quarter. First Eagle Investment Management LLC now owns 3,885,425 shares of the insurance provider’s stock valued at $386,017,000 after acquiring an additional 1,275,720 shares during the last quarter. Nuance Investments LLC increased its holdings in shares of Travelers Companies by 120.5% in the 4th quarter. Nuance Investments LLC now owns 1,702,619 shares of the insurance provider’s stock valued at $233,174,000 after acquiring an additional 930,331 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Travelers Companies by 30.8% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,626,231 shares of the insurance provider’s stock valued at $359,662,000 after acquiring an additional 618,654 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.
NYSE:TRV traded down $9.64 during mid-day trading on Thursday, hitting $111.34. 1,347,312 shares of the company’s stock traded hands, compared to its average volume of 2,171,337. The firm has a 50 day moving average of $102.57 and a two-hundred day moving average of $119.71. Travelers Companies Inc has a 12 month low of $76.99 and a 12 month high of $155.09. The firm has a market capitalization of $31.44 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.88. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.26.
Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Tuesday, April 21st. The insurance provider reported $2.62 EPS for the quarter, missing the Zacks’ consensus estimate of $2.85 by ($0.23). Travelers Companies had a return on equity of 9.61% and a net margin of 7.61%. The firm had revenue of $7.23 billion during the quarter, compared to the consensus estimate of $7.30 billion. During the same quarter in the prior year, the business posted $2.83 EPS. Travelers Companies’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts expect that Travelers Companies Inc will post 9.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a $0.85 dividend. The ex-dividend date is Tuesday, June 9th. This is a boost from Travelers Companies’s previous quarterly dividend of $0.82. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.05%. Travelers Companies’s dividend payout ratio is presently 34.17%.
TRV has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “hold” rating and issued a $115.00 price target on shares of Travelers Companies in a report on Wednesday, April 22nd. Citigroup cut their price objective on Travelers Companies from $142.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, April 21st. Wells Fargo & Co reaffirmed a “sell” rating and set a $110.00 target price on shares of Travelers Companies in a research report on Tuesday, April 21st. Keefe, Bruyette & Woods raised Travelers Companies from an “underperform” rating to a “market perform” rating and set a $116.00 price target on the stock in a research report on Thursday, April 2nd. Finally, Atlantic Securities raised Travelers Companies from a “neutral” rating to an “overweight” rating and set a $125.00 target price on the stock in a research report on Tuesday, March 24th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $128.00.
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.
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