KCM Investment Advisors LLC Has $5.15 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

KCM Investment Advisors LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,367 shares of the insurance provider’s stock after purchasing an additional 3,095 shares during the quarter. KCM Investment Advisors LLC’s holdings in Travelers Companies were worth $5,147,000 at the end of the most recent reporting period.

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

Travelers Companies Stock Down 7.8 %

Shares of NYSE:TRV opened at $242.64 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a market capitalization of $55.01 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. 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 company has a fifty day moving average of $252.38 and a 200-day moving average of $248.69.

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 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 business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.73%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued 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. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Barclays boosted their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $260.00.

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.