The Travelers Companies, Inc. (NYSE:TRV) Position Lessened by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC lessened its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,135 shares of the insurance provider's stock after selling 1,584 shares during the quarter. Travelers Companies accounts for 2.4% of Shorepoint Capital Partners LLC's investment portfolio, making the stock its 7th largest position. Shorepoint Capital Partners LLC's holdings in Travelers Companies were worth $10,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares in the last quarter. Quent Capital LLC lifted 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 purchasing an additional 43 shares in the last quarter. Salem Investment Counselors Inc. grew its position in shares of Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 44 shares during the last quarter. Somerset Trust Co increased its stake in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after purchasing an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 2.1 %

TRV traded up $5.51 during trading on Friday, hitting $266.96. 576,859 shares of the company's stock were exchanged, compared to its average volume of 1,284,191. The stock has a 50 day moving average price of $255.88 and a 200 day moving average price of $251.02. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $60.48 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm 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 period in the prior year, the firm earned $4.69 EPS. As a group, analysts expect 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. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.65%. Travelers Companies's payout ratio is 23.95%.

Analyst Ratings Changes

A number of brokerages have commented on TRV. HSBC cut 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. Barclays cut their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Finally, Evercore ISI raised their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $267.32.

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.