Royal Bank of Canada Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Royal Bank of Canada trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 14.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 524,639 shares of the insurance provider's stock after selling 91,613 shares during the period. Royal Bank of Canada owned 0.23% of Travelers Companies worth $126,381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after buying an additional 41 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after buying an additional 43 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after acquiring an additional 46 shares during the period. Sanibel Captiva Trust Company Inc. increased its stake in shares of Travelers Companies by 2.2% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,196 shares of the insurance provider's stock worth $529,000 after acquiring an additional 47 shares during the period. Finally, Tectonic Advisors LLC increased its stake in shares of Travelers Companies by 0.5% during the fourth quarter. Tectonic Advisors LLC now owns 8,752 shares of the insurance provider's stock worth $2,108,000 after acquiring an additional 47 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.1%

NYSE:TRV traded up $0.20 during trading hours on Friday, reaching $271.28. 832,652 shares of the company were exchanged, compared to its average volume of 1,291,038. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $61.46 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $275.03. The stock has a 50 day simple moving average of $259.99 and a 200 day simple moving average of $253.00.

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 analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate 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 firm posted $4.69 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRV. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Finally, Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $270.42.

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.