IHT Wealth Management LLC Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

IHT Wealth Management LLC cut its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 42.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,687 shares of the insurance provider's stock after selling 4,892 shares during the quarter. IHT Wealth Management LLC's holdings in Travelers Companies were worth $1,611,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Travelers Companies during the fourth quarter valued at $560,918,000. Raymond James Financial Inc. purchased a new stake in Travelers Companies in the 4th quarter worth approximately $138,619,000. Proficio Capital Partners LLC purchased a new position in Travelers Companies during the fourth quarter worth about $96,012,000. Dimensional Fund Advisors LP raised its stake in Travelers Companies by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock worth $813,704,000 after purchasing an additional 243,484 shares during the period. Finally, Bryn Mawr Capital Management LLC raised its position in shares of Travelers Companies by 15,056.4% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock worth $57,394,000 after buying an additional 236,686 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TRV shares. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Evercore ISI lifted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods increased their target price on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $267.32.

Travelers Companies Trading Up 0.5 %

Travelers Companies stock traded up $1.20 during trading hours on Monday, reaching $260.36. 236,811 shares of the company's stock were exchanged, compared to its average volume of 1,286,853. The firm has a market capitalization of $58.99 billion, a PE ratio of 12.12, a PEG ratio of 4.65 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm's 50 day simple moving average is $254.27 and its 200 day simple moving average is $250.51. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data 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 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 quarter in the prior year, the business earned $4.69 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

About Travelers Companies

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.