Zions Bancorporation N.A. Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Zions Bancorporation N.A. boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 48.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,190 shares of the insurance provider’s stock after purchasing an additional 1,364 shares during the quarter. Zions Bancorporation N.A.’s holdings in Travelers Companies were worth $1,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $138,619,000. Proficio Capital Partners LLC purchased a new position in Travelers Companies during the fourth quarter valued at $96,012,000. Bryn Mawr Capital Management LLC grew its position in shares of Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after purchasing an additional 236,686 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Travelers Companies during the third quarter worth about $54,988,000. Finally, Janus Henderson Group PLC raised its position in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRV. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Barclays upped their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday. Wells Fargo & Company raised 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, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Performance

NYSE:TRV opened at $261.73 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two 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 company has a 50 day moving average price of $249.70 and a 200 day moving average price of $247.64. The stock has a market capitalization of $59.34 billion, a P/E ratio of 12.19, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted 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 business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $7.01 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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 paid a dividend of $1.05 per share. 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 1.60%. Travelers Companies’s payout ratio is 19.56%.

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.