Allworth Financial LP Has $1.47 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Allworth Financial LP lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 35.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,958 shares of the insurance provider’s stock after acquiring an additional 1,571 shares during the period. Allworth Financial LP’s holdings in Travelers Companies were worth $1,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter worth $27,000. True Wealth Design LLC acquired a new position in Travelers Companies in the 3rd quarter valued at $41,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter worth $44,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter worth $50,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TRV. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $260.47.

Travelers Companies Stock Down 0.2 %

Shares of NYSE TRV opened at $237.82 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The business has a fifty day moving average of $242.48 and a two-hundred day moving average of $241.12. The stock has a market cap of $53.99 billion, a PE ratio of 11.08, a PEG ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results 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 firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $7.01 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.77%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.