Vinva Investment Management Ltd Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Vinva Investment Management Ltd boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 43.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 18,260 shares of the insurance provider’s stock after acquiring an additional 5,573 shares during the period. Vinva Investment Management Ltd’s holdings in Travelers Companies were worth $4,380,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Stokes Family Office LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $224,000. VSM Wealth Advisory LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $80,000. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Travelers Companies by 32.5% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,175 shares of the insurance provider’s stock worth $524,000 after purchasing an additional 534 shares during the period. Enhancing Capital LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $289,000. Finally, Generali Asset Management SPA SGR purchased a new stake in Travelers Companies during the 4th quarter worth about $3,304,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.4 %

Travelers Companies stock opened at $261.50 on Thursday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The stock has a 50 day moving average of $247.48 and a two-hundred day moving average of $246.64. 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 stock has a market capitalization of $59.29 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TRV. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Finally, Barclays increased their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $261.05.

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.