RiverFront Investment Group LLC Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

RiverFront Investment Group LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,046 shares of the insurance provider's stock, valued at approximately $252,000.

Other large investors have also added to or reduced their stakes in the company. YANKCOM Partnership bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies in the 4th quarter valued at $37,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the third quarter worth $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the fourth quarter worth $44,000. Finally, Providence First Trust Co purchased a new position in Travelers Companies during the fourth quarter worth about $48,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $0.05 on Tuesday, hitting $264.51. 999,854 shares of the company's stock were exchanged, compared to its average volume of 1,276,441. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a 50-day simple moving average of $251.05 and a 200-day simple moving average of $248.29. 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 stock has a market capitalization of $59.97 billion, a PE ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60.

Remove Ads

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.01 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio is 19.56%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Finally, BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $260.00.

Travelers Companies 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.