SRN Advisors LLC Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

SRN Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 922 shares of the insurance provider’s stock, valued at approximately $222,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the 4th quarter valued at $27,000. True Wealth Design LLC acquired a new stake in Travelers Companies in the third quarter worth $41,000. Asset Planning Inc acquired a new stake in Travelers Companies in the fourth quarter worth $44,000. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter valued at $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Travelers Companies stock opened at $248.61 on Thursday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company’s 50 day moving average price is $242.50 and its two-hundred day moving average price is $242.55. The stock has a market cap of $56.37 billion, a P/E ratio of 11.58, a P/E/G ratio of 4.65 and a beta of 0.64. 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 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Barclays upped their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. 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 equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.