Erste Asset Management GmbH Acquires 100 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Erste Asset Management GmbH lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,000 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Erste Asset Management GmbH’s holdings in Travelers Companies were worth $2,414,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Travelers Companies during the 4th quarter valued at approximately $27,000. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter worth about $41,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the 4th quarter worth about $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $48,000. Finally, Versant Capital Management Inc increased its holdings in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 2.1 %

Shares of TRV stock opened at $261.26 on Friday. The stock has a market capitalization of $59.23 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 4.65 and a beta of 0.60. The company’s fifty day simple moving average is $246.26 and its two-hundred day simple moving average is $245.73. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.01 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRV shares. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $261.05.

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.