Ensign Peak Advisors Inc Sells 4,838 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ensign Peak Advisors Inc reduced its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,734 shares of the insurance provider's stock after selling 4,838 shares during the period. Ensign Peak Advisors Inc's holdings in Travelers Companies were worth $19,930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Travelers Companies by 3.6% during the 3rd quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider's stock valued at $65,896,000 after purchasing an additional 9,660 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Travelers Companies by 119.8% in the fourth quarter. ORG Partners LLC now owns 842 shares of the insurance provider's stock valued at $203,000 after buying an additional 459 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Travelers Companies by 1.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 5,428 shares of the insurance provider's stock valued at $1,308,000 after buying an additional 60 shares in the last quarter. Czech National Bank grew its holdings in Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock worth $11,857,000 after acquiring an additional 2,792 shares during the period. Finally, Aprio Wealth Management LLC raised its position in Travelers Companies by 10.4% in the fourth quarter. Aprio Wealth Management LLC now owns 1,075 shares of the insurance provider's stock worth $259,000 after acquiring an additional 101 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TRV shares. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday. Wells Fargo & Company raised their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Finally, UBS Group cut their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Stock Up 1.0%

NYSE:TRV traded up $2.62 during mid-day trading on Friday, reaching $273.52. The stock had a trading volume of 394,383 shares, compared to its average volume of 1,291,791. The stock has a market cap of $61.97 billion, a P/E ratio of 12.73, a PEG ratio of 4.65 and a beta of 0.53. The business's 50 day moving average is $258.28 and its 200 day moving average is $251.92. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $273.80.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results 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 business had revenue of $10.52 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $4.69 EPS. As a group, sell-side analysts predict 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. Stockholders 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. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies's dividend payout ratio is currently 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.