The Travelers Companies, Inc. (NYSE:TRV) Stake Boosted by Sandy Spring Bank

Sandy Spring Bank increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,533 shares of the insurance provider’s stock after purchasing an additional 89 shares during the quarter. Sandy Spring Bank’s holdings in Travelers Companies were worth $369,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC bought a new stake in Travelers Companies in the fourth quarter valued at $4,627,000. Erste Asset Management GmbH lifted its stake in Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares during the last quarter. Franklin Resources Inc. lifted its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after buying an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after buying an additional 4,665 shares during the last quarter. Finally, Czech National Bank lifted its stake in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after buying an additional 2,792 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and raised their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note 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 price objective on the stock in a research note on Wednesday, January 8th. Barclays lifted 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. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Trading Down 1.1 %

Shares of TRV opened at $256.70 on Friday. The business’s 50-day moving average price is $248.29 and its 200 day moving average price is $246.93. The stock has a market capitalization of $58.20 billion, a P/E ratio of 11.96, a P/E/G ratio of 4.65 and a beta of 0.60. 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.

Travelers Companies (NYSE:TRV) last issued 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. 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%. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $7.01 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

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.