Fortitude Advisory Group L.L.C. Buys Shares of 840 The Travelers Companies, Inc. (NYSE:TRV)

Fortitude Advisory Group L.L.C. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 840 shares of the insurance provider’s stock, valued at approximately $202,000.

A number of other hedge funds also recently made changes to their positions in TRV. Lebenthal Global Advisors LLC increased its position in Travelers Companies by 164.4% in the 4th quarter. Lebenthal Global Advisors LLC now owns 2,303 shares of the insurance provider’s stock valued at $555,000 after acquiring an additional 1,432 shares during the period. Foundations Investment Advisors LLC lifted its holdings in Travelers Companies by 16.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 2,414 shares of the insurance provider’s stock worth $582,000 after purchasing an additional 349 shares during the period. Mount Yale Investment Advisors LLC increased its stake in Travelers Companies by 7.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,860 shares of the insurance provider’s stock valued at $448,000 after buying an additional 136 shares during the period. Pacer Advisors Inc. raised its holdings in Travelers Companies by 54.3% during the fourth quarter. Pacer Advisors Inc. now owns 26,065 shares of the insurance provider’s stock worth $6,279,000 after purchasing an additional 9,178 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Travelers Companies by 40.5% during the 4th quarter. Blue Trust Inc. now owns 7,088 shares of the insurance provider’s stock valued at $1,660,000 after purchasing an additional 2,042 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $260.47.

Travelers Companies Stock Performance

Shares of TRV opened at $251.15 on Tuesday. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The company’s fifty day moving average is $247.92 and its 200-day moving average is $237.51. The firm has a market cap of $57.01 billion, a price-to-earnings ratio of 11.70, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.01 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 20.33 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

About Travelers Companies

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.