Investment Management Corp of Ontario Acquires 1,379 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Investment Management Corp of Ontario increased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,585 shares of the insurance provider's stock after buying an additional 1,379 shares during the period. Investment Management Corp of Ontario's holdings in Travelers Companies were worth $6,404,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Travelers Companies during the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the fourth quarter valued at about $30,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the fourth quarter valued at about $37,000. Asset Planning Inc bought a new stake in shares of Travelers Companies during the 4th quarter worth about $44,000. Finally, Quarry LP increased its holdings in shares of Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after acquiring an additional 152 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets upped their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. UBS Group decreased their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Finally, Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three 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's stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded down $1.67 during trading on Wednesday, hitting $263.25. 933,690 shares of the company's stock traded hands, compared to its average volume of 1,295,469. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $273.08. 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 company has a market cap of $59.64 billion, a PE ratio of 12.26, a PEG ratio of 4.65 and a beta of 0.53. The firm's fifty day moving average price is $257.99 and its 200 day moving average price is $251.79.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating 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 return on equity of 19.06% and a net margin of 10.77%. During the same period in the previous year, the business earned $4.69 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued 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 1.67%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Travelers Companies 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.