1620 Investment Advisors Inc. Makes New $547,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

1620 Investment Advisors Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,271 shares of the insurance provider's stock, valued at approximately $547,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. YANKCOM Partnership acquired a new stake in Travelers Companies during the fourth quarter valued at $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $37,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $44,000. Finally, Providence First Trust Co acquired a new position in Travelers Companies in the 4th quarter worth about $48,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday. Finally, The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $260.00.

Remove Ads

Travelers Companies Trading Up 0.0 %

Shares of TRV stock traded up $0.06 during trading on Tuesday, hitting $259.50. 1,136,238 shares of the stock traded hands, compared to its average volume of 1,184,625. The firm has a market capitalization of $58.84 billion, a P/E ratio of 12.09, 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. 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's fifty day moving average price is $249.27 and its 200-day moving average price is $247.54.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 19.06% and a net margin of 10.77%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.01 earnings per share. As a group, research analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. Travelers Companies's payout ratio 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.