Groupama Asset Managment Purchases 4,917 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Groupama Asset Managment increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 81.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,925 shares of the insurance provider’s stock after purchasing an additional 4,917 shares during the period. Groupama Asset Managment’s holdings in Travelers Companies were worth $2,621,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $37,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter worth approximately $44,000. Providence First Trust Co purchased a new stake in Travelers Companies during the 4th quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $55,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $264.51 on Wednesday. The company has a market capitalization of $59.97 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The business’s fifty day simple moving average is $251.56 and its 200-day simple moving average is $248.47.

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

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRV. 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. HSBC lowered 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.00.

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.