Mariner LLC Buys 9,465 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mariner LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,442 shares of the insurance provider’s stock after purchasing an additional 9,465 shares during the quarter. Mariner LLC’s holdings in Travelers Companies were worth $14,078,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TRV. YANKCOM Partnership bought a new position in Travelers Companies in the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies in the 4th quarter valued at $37,000. Asset Planning Inc acquired a new position in Travelers Companies in the 4th quarter worth $44,000. Providence First Trust Co bought a new position in Travelers Companies during the 4th quarter worth about $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $55,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday. Evercore ISI increased their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday. UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $267.32.

Travelers Companies Stock Performance

NYSE:TRV opened at $256.05 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $252.15 and a 200 day simple moving average of $249.22. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The stock has a market cap of $58.05 billion, a P/E ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.72%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 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.