The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,319 shares of the insurance provider’s stock after buying an additional 825 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Travelers Companies were worth $1,522,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. YANKCOM Partnership purchased a new position in Travelers Companies in the 4th quarter worth about $27,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth about $37,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the third quarter worth approximately $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $44,000. Finally, Providence First Trust Co purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $48,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.7 %

Shares of Travelers Companies stock opened at $259.36 on Friday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The stock has a market capitalization of $58.80 billion, a P/E ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $247.81 and a two-hundred day moving average price of $246.73.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for 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%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business posted $7.01 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm 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 annualized dividend and a yield of 1.62%. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies 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.