Parallel Advisors LLC Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Parallel Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,011 shares of the insurance provider’s stock after acquiring an additional 172 shares during the quarter. Parallel Advisors LLC’s holdings in Travelers Companies were worth $1,689,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the third quarter worth $41,000. Asset Planning Inc acquired a new stake in Travelers Companies in the 4th quarter valued at about $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Down 1.9 %

TRV opened at $260.17 on Wednesday. The firm has a market cap of $58.99 billion, a P/E ratio of 12.12, a PEG ratio of 4.65 and a beta of 0.60. The business’s fifty day simple moving average is $247.11 and its 200 day simple moving average is $246.54. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued 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 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 business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.01 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date 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.