Caisse DE Depot ET Placement DU Quebec Sells 255,623 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Caisse DE Depot ET Placement DU Quebec lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 68.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,582 shares of the insurance provider's stock after selling 255,623 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.05% of Travelers Companies worth $28,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. YANKCOM Partnership bought a new stake in Travelers Companies in the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies in the fourth quarter valued at approximately $30,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the fourth quarter valued at $37,000. Asset Planning Inc purchased a new stake in Travelers Companies in the fourth quarter worth $44,000. Finally, Quarry LP raised its stake in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after buying an additional 152 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TRV. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $267.32.

Travelers Companies Price Performance

Shares of TRV traded up $0.87 during midday trading on Wednesday, reaching $268.92. The stock had a trading volume of 923,982 shares, compared to its average volume of 1,286,564. 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 company has a market capitalization of $60.93 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company's 50-day moving average is $256.83 and its 200 day moving average is $251.30. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $270.46.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the firm earned $4.69 EPS. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 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.