The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Level Four Advisory Services LLC

Level Four Advisory Services LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,115 shares of the insurance provider’s stock after buying an additional 209 shares during the quarter. Level Four Advisory Services LLC’s holdings in Travelers Companies were worth $750,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Orion Portfolio Solutions LLC raised its position in Travelers Companies by 2.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 18,658 shares of the insurance provider’s stock worth $4,495,000 after acquiring an additional 514 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Travelers Companies by 9.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 152,621 shares of the insurance provider’s stock worth $36,765,000 after purchasing an additional 13,511 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $4,064,000. Norges Bank acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $560,918,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in Travelers Companies in the 4th quarter valued at approximately $504,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Price Performance

TRV opened at $261.86 on Monday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a 50 day moving average of $250.56 and a two-hundred day moving average of $248.07. The company has a market cap of $59.37 billion, a P/E ratio of 12.20, 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, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the company earned $7.01 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s payout ratio is currently 19.56%.

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.