Shell Asset Management Co. Sells 1,250 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Shell Asset Management Co. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,454 shares of the insurance provider’s stock after selling 1,250 shares during the period. Shell Asset Management Co.’s holdings in Travelers Companies were worth $3,723,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $37,000. Asset Planning Inc purchased a new position in Travelers Companies during the 4th quarter valued at about $44,000. Finally, Quarry LP increased its holdings in Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after purchasing an additional 152 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Evercore ISI boosted their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Finally, 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 report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Price Performance

NYSE TRV opened at $271.19 on Friday. The business’s fifty day moving average price is $258.28 and its 200-day moving average price is $251.92. The stock has a market capitalization of $61.44 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.65 and a beta of 0.53. 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 1-year low of $200.21 and a 1-year high of $273.50.

Travelers Companies (NYSE:TRV) last announced its 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. During the same period last year, the firm earned $4.69 EPS. On average, equities 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

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.