Natixis Acquires 22,382 Shares of The Travelers Companies, Inc. (NYSE:TRV)

by · The Cerbat Gem

Natixis increased its holdings in The Travelers Companies, Inc. (NYSE:TRV – Free Report) by 67.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,404 shares of the insurance provider’s stock after purchasing an additional 22,382 shares during the period. Natixis’ holdings in Travelers Companies were worth $13,346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Virtu Financial LLC increased its holdings in shares of Travelers Companies by 25.6% during the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider’s stock valued at $3,978,000 after acquiring an additional 3,462 shares during the last quarter. Tudor Financial Inc. acquired a new position in Travelers Companies during the third quarter valued at approximately $983,000. World Investment Advisors LLC bought a new position in shares of Travelers Companies in the third quarter valued at approximately $501,000. Arvest Bank Trust Division bought a new stake in shares of Travelers Companies during the 3rd quarter worth $16,344,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Travelers Companies in the 3rd quarter valued at $2,174,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Finally, 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 note on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $267.32.

Read Our Latest Research Report on TRV

Travelers Companies Price Performance

NYSE TRV opened at $256.05 on Friday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The firm’s 50 day moving average is $252.42 and its 200-day moving average is $249.46. The company has a market capitalization of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. During the same period in the previous year, the firm posted $4.69 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.72%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

Travelers Companies Profile

(Free Report)

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.

Further Reading

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