Ibex Wealth Advisors Makes New $1.28 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Ibex Wealth Advisors acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,318 shares of the insurance provider's stock, valued at approximately $1,281,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRV. FMR LLC boosted its stake in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock valued at $121,811,000 after acquiring an additional 518,075 shares during the period. Bank of Montreal Can lifted its stake in shares of Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after acquiring an additional 282,884 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Travelers Companies during the third quarter valued at $54,988,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Travelers Companies by 216.3% during the third quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider's stock valued at $79,582,000 after acquiring an additional 232,428 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Bank of America upped their price target on Travelers Companies from $241.00 to $265.00 and gave the company an "underperform" rating in a research note on Thursday, October 17th. UBS Group increased their target price on Travelers Companies from $244.00 to $270.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average target price of $260.47.

Travelers Companies Stock Down 0.2 %

Shares of NYSE:TRV traded down $0.50 during mid-day trading on Thursday, reaching $249.02. 836,409 shares of the stock were exchanged, compared to its average volume of 1,489,904. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $56.53 billion, a P/E ratio of 11.60, a P/E/G ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The stock's 50 day simple moving average is $247.33 and its 200-day simple moving average is $238.15.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) 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%. Travelers Companies's quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $7.01 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid 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 1.69%. Travelers Companies's dividend payout ratio is 19.56%.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the completion of the sale, the executive vice president now directly owns 111,162 shares of the company's stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company's stock.

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.