Novem Group Invests $388,000 in The Travelers Companies, Inc. (NYSE:TRV)

Novem Group acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,609 shares of the insurance provider's stock, valued at approximately $388,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Focus Partners Advisor Solutions LLC increased its holdings in Travelers Companies by 63.9% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,737 shares of the insurance provider's stock worth $1,382,000 after acquiring an additional 2,236 shares during the last quarter. Ames National Corp bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $1,575,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Travelers Companies by 12.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock worth $653,443,000 after buying an additional 291,506 shares during the period. Waverly Advisors LLC boosted its holdings in Travelers Companies by 43.7% in the 4th quarter. Waverly Advisors LLC now owns 3,885 shares of the insurance provider's stock worth $936,000 after buying an additional 1,181 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its holdings in Travelers Companies by 662.6% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 93,160 shares of the insurance provider's stock worth $22,441,000 after buying an additional 80,944 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRV. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Jefferies Financial Group raised their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $270.42.

Travelers Companies Stock Down 0.7%

Shares of TRV traded down $2.07 on Wednesday, reaching $273.81. The stock had a trading volume of 378,816 shares, compared to its average volume of 1,289,580. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $280.28. The firm has a market capitalization of $62.04 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a 50-day simple moving average of $260.51 and a 200-day simple moving average of $253.26.

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

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. 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.