HighTower Advisors LLC Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

HighTower Advisors LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 26.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,519 shares of the insurance provider’s stock after acquiring an additional 32,285 shares during the quarter. HighTower Advisors LLC owned 0.07% of Travelers Companies worth $37,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership purchased a new position in Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC purchased a new position in Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc purchased a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co purchased a new position in Travelers Companies during the 4th quarter worth $48,000. Finally, Versant Capital Management Inc boosted its holdings in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 1.6 %

Shares of TRV opened at $256.05 on Friday. The business’s 50-day moving average price is $245.88 and its 200-day moving average price is $245.46. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The stock has a market cap of $58.05 billion, a PE ratio of 11.93, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced 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 for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $7.01 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRV. Barclays boosted 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. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four equities research 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $261.05.

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.