Allworth Financial LP Has $1.47 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Allworth Financial LP lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 35.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,958 shares of the insurance provider's stock after purchasing an additional 1,571 shares during the period. Allworth Financial LP's holdings in Travelers Companies were worth $1,470,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TRV. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $27,000. True Wealth Design LLC acquired a new position in Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the fourth quarter valued at approximately $44,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the third quarter valued at approximately $50,000. Finally, Versant Capital Management Inc lifted its holdings in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after buying an additional 215 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRV shares. Hsbc Global Res upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a report on Tuesday, December 10th. Barclays increased their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Finally, Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Four investment 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $261.05.

Travelers Companies Stock Down 0.6 %

Shares of TRV stock traded down $1.34 during trading hours on Friday, hitting $239.90. 1,250,687 shares of the company were exchanged, compared to its average volume of 1,338,822. The business has a 50 day moving average of $242.17 and a two-hundred day moving average of $241.29. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a market capitalization of $54.39 billion, a PE ratio of 11.17, a PEG ratio of 4.67 and a beta of 0.64.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during 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%. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $7.01 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.33% of the stock is owned by insiders.

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.