The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,306 shares of the insurance provider’s stock after purchasing an additional 46 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Travelers Companies were worth $555,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter worth about $27,000. True Wealth Design LLC bought a new position in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $44,000. Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 2.5 %

Shares of NYSE:TRV opened at $255.03 on Friday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $57.82 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The firm has a fifty day moving average of $242.85 and a two-hundred day moving average of $242.64.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the firm earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.65%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TRV. Barclays lifted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. BMO Capital Markets lifted 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. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised 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 research note on Wednesday, February 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $261.05.

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.