Jupiter Asset Management Ltd. Invests $18.24 Million in The Travelers Companies, Inc. (NYSE:TRV)

Jupiter Asset Management Ltd. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 75,702 shares of the insurance provider’s stock, valued at approximately $18,236,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Travelers Companies by 3.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,604 shares of the insurance provider’s stock worth $631,000 after buying an additional 94 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock worth $173,000 after acquiring an additional 47 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Travelers Companies by 14.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,787 shares of the insurance provider’s stock worth $2,839,000 after acquiring an additional 1,446 shares during the last quarter. PFG Advisors increased its holdings in Travelers Companies by 3.2% during the 4th quarter. PFG Advisors now owns 2,038 shares of the insurance provider’s stock valued at $491,000 after purchasing an additional 64 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Travelers Companies by 26.0% in the 4th quarter. HighTower Advisors LLC now owns 156,519 shares of the insurance provider’s stock valued at $37,704,000 after purchasing an additional 32,285 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRV has been the topic of several research analyst reports. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Trading Down 0.9 %

TRV opened at $252.30 on Thursday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $57.20 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a fifty day moving average price of $245.58 and a two-hundred day moving average price of $245.39.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $7.01 earnings per share. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

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.