The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Raised by Advisors Capital Management LLC

Advisors Capital Management LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,979 shares of the insurance provider’s stock after buying an additional 293 shares during the quarter. Advisors Capital Management LLC’s holdings in Travelers Companies were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $37,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $44,000. Providence First Trust Co acquired a new position in Travelers Companies during the 4th quarter worth $48,000. Finally, IMG Wealth Management Inc. bought a new position in Travelers Companies in the 4th quarter valued at about $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $249.52 on Wednesday. The firm has a fifty day moving average price of $251.72 and a two-hundred day moving average price of $249.04. 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 current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $56.57 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its 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 business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $7.01 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays decreased their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $286.00 to $274.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. UBS Group reduced their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $263.37.

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.