Revolve Wealth Partners LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Revolve Wealth Partners LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,146 shares of the insurance provider's stock, valued at approximately $276,000.

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

Travelers Companies Stock Performance

TRV traded down $2.36 during trading on Tuesday, hitting $248.65. The company's stock had a trading volume of 1,217,571 shares, compared to its average volume of 1,521,208. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The business's 50 day simple moving average is $247.69 and its 200-day simple moving average is $237.81. 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 firm has a market cap of $56.45 billion, a PE ratio of 11.58, a P/E/G ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 earnings per share. The business's quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of the firm's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company's stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business's stock in a transaction dated 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 in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRV shares. Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Bank of America lifted their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a "market perform" rating in a research report on Monday. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $260.47.

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.