Prosperity Consulting Group LLC Has $239,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Prosperity Consulting Group LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 9.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 991 shares of the insurance provider’s stock after purchasing an additional 84 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Travelers Companies were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $6,465,000. Oxford Asset Management LLP acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $514,000. Virtus ETF Advisers LLC raised its position in shares of Travelers Companies by 10.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 4,562 shares of the insurance provider’s stock valued at $1,099,000 after buying an additional 422 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Travelers Companies by 5.6% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 9,008 shares of the insurance provider’s stock valued at $2,170,000 after buying an additional 477 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in shares of Travelers Companies by 4.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,810 shares of the insurance provider’s stock valued at $1,641,000 after buying an additional 266 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price target 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. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Evercore ISI lifted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Finally, Jefferies Financial Group lifted their price target 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. Three equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $267.32.

Travelers Companies Trading Up 0.9 %

NYSE:TRV opened at $261.56 on Tuesday. The firm’s fifty day moving average is $254.66 and its 200-day moving average is $250.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The firm has a market cap of $59.26 billion, a P/E ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted 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 during 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 previous year, the firm posted $4.69 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current 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. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Travelers Companies’s payout ratio 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.