Hickory Point Bank & Trust Acquires New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Hickory Point Bank & Trust acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,441 shares of the insurance provider's stock, valued at approximately $347,000.

A number of other large investors have also modified their holdings of the stock. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter valued at about $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the fourth quarter valued at $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies during the fourth quarter worth $48,000. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the third quarter worth about $50,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research analyst reports. BMO Capital Markets boosted their target price 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. 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. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective for the company. in a research note on Thursday, November 21st. Finally, StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $261.05.

Travelers Companies Stock Performance

Shares of NYSE TRV traded up $2.27 during trading on Wednesday, reaching $257.97. The stock had a trading volume of 1,095,085 shares, compared to its average volume of 1,343,607. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The stock has a market cap of $58.49 billion, a PE ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. 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 firm's 50 day moving average price is $243.86 and its two-hundred day moving average price is $243.99.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.01 EPS. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio is currently 19.56%.

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.