Mackenzie Financial Corp Has $47.73 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Mackenzie Financial Corp trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 15.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,144 shares of the insurance provider's stock after selling 36,537 shares during the period. Mackenzie Financial Corp owned approximately 0.09% of Travelers Companies worth $47,731,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new position in shares of Travelers Companies during the 4th quarter valued at $30,000. Generali Investments Management Co LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at $37,000. Fourth Dimension Wealth LLC acquired a new stake in Travelers Companies during the fourth quarter valued at $40,000. Finally, Asset Planning Inc purchased a new position in Travelers Companies in the fourth quarter valued at about $44,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRV shares. Wells Fargo & Company raised their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Barclays dropped their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Three investment 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. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $271.11.

Travelers Companies Stock Performance

NYSE:TRV traded down $2.18 during mid-day trading on Wednesday, hitting $273.70. 1,646,396 shares of the company's stock traded hands, compared to its average volume of 1,295,115. 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 Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $280.28. The firm has a 50 day moving average of $260.51 and a two-hundred day moving average of $253.26. The firm has a market capitalization of $62.01 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

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

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies's payout ratio 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.