Shell Asset Management Co. Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Shell Asset Management Co. lowered its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,454 shares of the insurance provider's stock after selling 1,250 shares during the quarter. Shell Asset Management Co.'s holdings in Travelers Companies were worth $3,723,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in 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 worth $822,000 after acquiring an additional 41 shares in the last quarter. Quent Capital LLC boosted its holdings in Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after acquiring an additional 43 shares in the last quarter. Somerset Trust Co boosted its holdings in Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after acquiring an additional 45 shares in the last quarter. Lake Street Advisors Group LLC boosted its holdings in Travelers Companies by 2.0% in 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 in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in Travelers Companies by 2.2% in 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 in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Travelers Companies stock traded up $0.84 during mid-day trading on Monday, reaching $274.47. 866,553 shares of the stock traded hands, compared to its average volume of 1,291,275. 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 business's 50-day moving average is $258.66 and its 200-day moving average is $252.15. The stock has a market capitalization of $62.19 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $275.00.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations 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 prior year, the business posted $4.69 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business 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 $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. Travelers Companies's dividend payout ratio is presently 23.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. UBS Group dropped their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Finally, StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $270.42.

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.