Guardian Partners Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,561 shares of the insurance provider's stock, valued at approximately $1,107,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth $37,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc acquired a new stake in Travelers Companies in the fourth quarter valued at about $44,000. Finally, Providence First Trust Co bought a new position in Travelers Companies in the fourth quarter valued at about $48,000. Institutional investors own 82.45% of the company's stock.
Travelers Companies Trading Up 0.2 %
Shares of TRV stock traded up $0.65 during mid-day trading on Thursday, hitting $262.91. The company's stock had a trading volume of 910,844 shares, compared to its average volume of 1,184,498. 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 quick ratio of 0.33 and a current ratio of 0.33. The company's fifty day simple moving average is $250.11 and its 200-day simple moving average is $247.75. The company has a market cap of $59.61 billion, a PE ratio of 12.25, a P/E/G ratio of 4.65 and a beta of 0.60.
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 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 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 firm's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $7.01 earnings per share. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Monday. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and an average price target of $260.00.
Get Our Latest Stock Analysis on TRV
About Travelers Companies
(
Free Report)
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.
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