Braun Stacey Associates Inc. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Braun Stacey Associates Inc. boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,216 shares of the insurance provider’s stock after acquiring an additional 348 shares during the period. Braun Stacey Associates Inc.’s holdings in Travelers Companies were worth $27,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Creative Planning increased its holdings in shares of Travelers Companies by 3.5% in the third quarter. Creative Planning now owns 84,571 shares of the insurance provider’s stock worth $19,800,000 after purchasing an additional 2,875 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Travelers Companies by 3.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,759 shares of the insurance provider’s stock worth $412,000 after acquiring an additional 63 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Travelers Companies during the 3rd quarter valued at approximately $225,000. Blue Trust Inc. grew its holdings in shares of Travelers Companies by 68.2% in the third quarter. Blue Trust Inc. now owns 5,046 shares of the insurance provider’s stock valued at $1,181,000 after purchasing an additional 2,046 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Travelers Companies by 5.9% during the third quarter. Capital Investment Advisors LLC now owns 1,409 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 78 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

TRV stock opened at $238.25 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The business has a 50-day moving average price of $242.76 and a 200 day moving average price of $240.94. The company has a market capitalization of $54.09 billion, a P/E ratio of 11.10, a PEG ratio of 1.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

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, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.01 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. UBS Group boosted their price objective on Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $260.47.

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.