Cary Street Partners Financial LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Cary Street Partners Financial LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,134 shares of the insurance provider’s stock, valued at approximately $1,959,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TRV. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after buying an additional 41 shares during the period. Quent Capital LLC raised its stake in Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 43 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co boosted its position in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after purchasing an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.3 %

TRV stock opened at $268.33 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The stock has a market capitalization of $60.80 billion, a price-to-earnings ratio of 12.50, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. 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 firm’s fifty day simple moving average is $256.83 and its two-hundred day simple moving average is $251.30.

Travelers Companies (NYSE:TRV) last issued 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 company 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 firm posted $4.69 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $267.32.

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.