Integrated Wealth Concepts LLC Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Integrated Wealth Concepts LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,810 shares of the insurance provider’s stock after purchasing an additional 266 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Travelers Companies were worth $1,641,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Yoffe Investment Management LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $1,202,000. Elevate Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $4,627,000. Erste Asset Management GmbH raised its position in shares of Travelers Companies by 1.0% during the 4th 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 period. Franklin Resources Inc. raised its position in shares of Travelers Companies by 39.5% during the 3rd 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 period. Finally, Czech National Bank raised its position in shares of Travelers Companies by 6.0% during the 4th 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 period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $261.56 on Tuesday. The firm has a market capitalization of $59.26 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The business’s fifty day moving average price is $254.66 and its 200 day moving average price is $250.68. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the company earned $4.69 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Analyst Ratings Changes

Several research firms have recently commented on TRV. UBS Group reduced 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 report on Wednesday, April 9th. Barclays dropped their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Keefe, Bruyette & Woods lifted their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $267.32.

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.