OMERS ADMINISTRATION Corp Lowers Stake in The Travelers Companies, Inc. (NYSE:TRV)

OMERS ADMINISTRATION Corp reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,040 shares of the insurance provider's stock after selling 1,987 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Travelers Companies were worth $3,623,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of TRV. Czech National Bank lifted its holdings in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after buying an additional 2,792 shares during the period. Aprio Wealth Management LLC raised its holdings in Travelers Companies by 10.4% during the fourth quarter. Aprio Wealth Management LLC now owns 1,075 shares of the insurance provider's stock worth $259,000 after purchasing an additional 101 shares during the last quarter. Fiduciary Alliance LLC acquired a new position in Travelers Companies during the fourth quarter worth $218,000. Brookstone Capital Management raised its holdings in Travelers Companies by 13.2% during the fourth quarter. Brookstone Capital Management now owns 1,628 shares of the insurance provider's stock worth $392,000 after purchasing an additional 190 shares during the last quarter. Finally, Capital Investment Advisors LLC raised its holdings in Travelers Companies by 7.1% during the fourth quarter. Capital Investment Advisors LLC now owns 1,509 shares of the insurance provider's stock worth $363,000 after purchasing an additional 100 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.0%

Shares of NYSE:TRV traded up $2.67 during midday trading on Friday, reaching $273.57. The company's stock had a trading volume of 867,058 shares, compared to its average volume of 1,292,981. The firm has a market cap of $61.98 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 quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $273.89. The business has a 50 day moving average price of $258.66 and a 200 day moving average price of $252.10.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during 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 quarter in the previous year, the business earned $4.69 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. 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 payout ratio is 23.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group reduced their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Evercore ISI lifted their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Finally, Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Three 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $267.32.

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.