Snowden Capital Advisors LLC Raises Position in The Travelers Companies, Inc. (NYSE:TRV)

Snowden Capital Advisors LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,262 shares of the insurance provider’s stock after acquiring an additional 1,622 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Travelers Companies were worth $1,990,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new stake in Travelers Companies in the fourth quarter worth $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies during the 4th quarter valued at $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the 4th quarter worth about $44,000. Finally, Quarry LP lifted its position in Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 152 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Evercore ISI raised their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Barclays cut their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $267.32.

Travelers Companies Stock Up 1.0%

Shares of Travelers Companies stock opened at $273.57 on Friday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $273.89. 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 company’s 50 day moving average is $258.66 and its 200 day moving average is $252.10. The company has a market cap of $61.98 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period in the prior year, the firm earned $4.69 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.61%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

Travelers Companies Company 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.