Auxier Asset Management Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Auxier Asset Management lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,449 shares of the insurance provider's stock after selling 3,545 shares during the period. Travelers Companies makes up about 1.6% of Auxier Asset Management's holdings, making the stock its 19th biggest position. Auxier Asset Management's holdings in Travelers Companies were worth $10,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the fourth quarter valued at approximately $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies during the fourth quarter valued at approximately $37,000. Fourth Dimension Wealth LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $40,000. Finally, Asset Planning Inc purchased a new position in Travelers Companies in the 4th quarter worth approximately $44,000. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Evercore ISI upped their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Barclays lowered their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Three equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $270.42.

Travelers Companies Trading Up 1.8%

Shares of NYSE TRV traded up $4.81 during trading on Tuesday, hitting $275.85. 1,119,658 shares of the company were exchanged, compared to its average volume of 1,292,917. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $296.96. 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 company has a fifty day moving average price of $260.18 and a 200-day moving average price of $253.10. The firm has a market capitalization of $62.50 billion, a PE ratio of 12.85, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the firm earned $4.69 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio 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.