Ieq Capital LLC Purchases 8,171 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ieq Capital LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 56.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,582 shares of the insurance provider’s stock after acquiring an additional 8,171 shares during the period. Ieq Capital LLC’s holdings in Travelers Companies were worth $5,440,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bryn Mawr Capital Management LLC raised its stake in Travelers Companies by 15,056.4% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after acquiring an additional 236,686 shares during the period. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of Travelers Companies by 91.1% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,893 shares of the insurance provider’s stock valued at $3,106,000 after buying an additional 6,145 shares during the last quarter. Braun Stacey Associates Inc. raised its position in shares of Travelers Companies by 0.3% during the fourth quarter. Braun Stacey Associates Inc. now owns 112,216 shares of the insurance provider’s stock valued at $27,032,000 after buying an additional 348 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Travelers Companies by 2.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 17,255 shares of the insurance provider’s stock valued at $4,157,000 after buying an additional 357 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Travelers Companies by 63.3% during the fourth quarter. Venturi Wealth Management LLC now owns 508 shares of the insurance provider’s stock valued at $122,000 after buying an additional 197 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TRV shares. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays lifted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $261.05.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.6 %

NYSE TRV opened at $239.90 on Friday. 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 company has a fifty day moving average of $242.04 and a two-hundred day moving average of $241.51. The firm has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.67 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 posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.01 earnings per share. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 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.