Michael A. Dubis Financial Planning LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Michael A. Dubis Financial Planning LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,222 shares of the insurance provider's stock, valued at approximately $535,000. Travelers Companies accounts for approximately 0.5% of Michael A. Dubis Financial Planning LLC's portfolio, making the stock its 28th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. Townsquare Capital LLC grew its position in shares of Travelers Companies by 52.5% during the 3rd quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider's stock valued at $2,265,000 after acquiring an additional 3,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Travelers Companies by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider's stock valued at $26,031,000 after purchasing an additional 5,948 shares during the last quarter. Fiduciary Trust Co grew its holdings in Travelers Companies by 18.2% during the third quarter. Fiduciary Trust Co now owns 4,331 shares of the insurance provider's stock valued at $1,014,000 after purchasing an additional 666 shares during the period. Public Sector Pension Investment Board increased its position in Travelers Companies by 2.1% in the third quarter. Public Sector Pension Investment Board now owns 39,630 shares of the insurance provider's stock worth $9,278,000 after buying an additional 800 shares during the last quarter. Finally, Vinva Investment Management Ltd raised its stake in shares of Travelers Companies by 6.9% in the third quarter. Vinva Investment Management Ltd now owns 12,687 shares of the insurance provider's stock valued at $2,996,000 after buying an additional 815 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Travelers Companies Price Performance

TRV stock traded down $1.16 during midday trading on Wednesday, reaching $263.38. The company had a trading volume of 436,616 shares, compared to its average volume of 1,275,072. The firm has a 50-day moving average price of $251.56 and a 200-day moving average price of $248.47. 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 $59.72 billion, a P/E ratio of 12.27, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 earnings per share. Travelers Companies's revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays lifted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. 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 note on Friday, January 24th. Finally, HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $260.00.

About Travelers Companies

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.