Tower Bridge Advisors Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Tower Bridge Advisors cut its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,853 shares of the insurance provider’s stock after selling 100 shares during the quarter. Tower Bridge Advisors’ holdings in Travelers Companies were worth $2,614,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TRV shares. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $258.65 on Friday. The business has a fifty day moving average price of $243.21 and a 200-day moving average price of $242.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $58.64 billion, a PE ratio of 12.05, a PEG ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for 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%. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $7.01 EPS. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company 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. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 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.