The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,499 shares of the insurance provider’s stock after acquiring an additional 142 shares during the period. Wealthspire Advisors LLC’s holdings in Travelers Companies were worth $843,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC lifted its position in Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC lifted its holdings in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after buying an additional 43 shares during the period. Salem Investment Counselors Inc. lifted its holdings in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Somerset Trust Co boosted its stake in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after buying an additional 45 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Travelers Companies by 3.8% during the third quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock worth $294,000 after acquiring an additional 46 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Price Performance

Travelers Companies stock opened at $252.35 on Wednesday. The company has a fifty day simple moving average of $242.25 and a 200-day simple moving average of $242.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $57.21 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55.

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

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.66%. Travelers Companies’s dividend payout ratio is presently 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.