CIBC Private Wealth Group LLC Cuts Position in The Travelers Companies, Inc. (NYSE:TRV)

CIBC Private Wealth Group LLC reduced its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,250 shares of the insurance provider’s stock after selling 150 shares during the period. CIBC Private Wealth Group LLC’s holdings in Travelers Companies were worth $4,673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies in the 4th quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. purchased a new position in Travelers Companies in the 4th quarter valued at approximately $55,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of 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 research note on Wednesday, February 19th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Price Performance

Travelers Companies stock opened at $264.51 on Wednesday. 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 quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50 day moving average price of $251.56 and a 200 day moving average price of $248.47. The company has a market cap of $59.97 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $7.01 EPS. Sell-side analysts predict 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 was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.