Flagship Wealth Advisors LLC Invests $278,000 in The Travelers Companies, Inc. (NYSE:TRV)

Flagship Wealth Advisors LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,154 shares of the insurance provider’s stock, valued at approximately $278,000.

A number of other hedge funds have also bought and sold shares of TRV. Parallel Advisors LLC boosted its holdings in shares of Travelers Companies by 2.5% in the 4th quarter. Parallel Advisors LLC now owns 7,011 shares of the insurance provider’s stock worth $1,689,000 after buying an additional 172 shares during the last quarter. IMG Wealth Management Inc. bought a new stake in Travelers Companies in the fourth quarter worth about $55,000. SlateStone Wealth LLC boosted its stake in Travelers Companies by 2.9% in the fourth quarter. SlateStone Wealth LLC now owns 5,519 shares of the insurance provider’s stock valued at $1,329,000 after acquiring an additional 157 shares during the last quarter. GWN Securities Inc. bought a new position in shares of Travelers Companies during the 4th quarter valued at approximately $230,000. Finally, Patten & Patten Inc. TN increased its stake in shares of Travelers Companies by 18.7% during the 4th quarter. Patten & Patten Inc. TN now owns 1,201 shares of the insurance provider’s stock worth $289,000 after purchasing an additional 189 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 2.1 %

Shares of NYSE:TRV opened at $261.26 on Monday. The firm has a fifty day moving average of $246.26 and a 200 day moving average of $246.03. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. 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 firm has a market capitalization of $59.23 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for 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%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $7.01 EPS. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the subject of several research reports. The Goldman Sachs Group raised 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. BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $261.05.

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.