4,270 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Berkeley Capital Partners LLC

Berkeley Capital Partners LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,270 shares of the insurance provider’s stock, valued at approximately $1,029,000.

A number of other large investors have also modified their holdings of TRV. YANKCOM Partnership bought a new position in Travelers Companies in the 4th quarter valued at about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter valued at about $37,000. True Wealth Design LLC bought a new position in Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc bought a new position in Travelers Companies in the 4th quarter valued at about $44,000. Finally, Providence First Trust Co bought a new position in Travelers Companies in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $261.50 on Thursday. The company has a 50 day simple moving average of $247.48 and a 200-day simple moving average of $246.64. 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 firm has a market capitalization of $59.29 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business 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%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.01 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRV. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research 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 company an “outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Barclays raised 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, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective 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 assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.