SVB Wealth LLC Makes New $904,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

SVB Wealth LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,751 shares of the insurance provider’s stock, valued at approximately $904,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. Financial Advocates Investment Management bought a new position in shares of Travelers Companies in the third quarter worth approximately $228,000. Farther Finance Advisors LLC boosted its position in Travelers Companies by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock valued at $588,000 after buying an additional 189 shares during the period. Chicago Partners Investment Group LLC grew its holdings in Travelers Companies by 23.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider’s stock worth $428,000 after acquiring an additional 318 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Travelers Companies by 1.5% in the third quarter. Janney Montgomery Scott LLC now owns 200,026 shares of the insurance provider’s stock valued at $46,830,000 after acquiring an additional 2,896 shares during the period. Finally, Confluence Wealth Services Inc. bought a new position in shares of Travelers Companies during the third quarter valued at about $209,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 0.9 %

Shares of NYSE:TRV opened at $260.77 on Tuesday. 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 fifty day simple moving average of $243.60 and a two-hundred day simple moving average of $243.72. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The stock has a market capitalization of $59.12 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’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 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRV. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $261.05.

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.