Lake Street Advisors Group LLC Has $555,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Lake Street Advisors Group LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.0% during the 4th quarter, HoldingsChannel reports. The fund owned 2,306 shares of the insurance provider’s stock after buying an additional 46 shares during the period. Lake Street Advisors Group LLC’s holdings in Travelers Companies were worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TRV. Los Angeles Capital Management LLC boosted its holdings in Travelers Companies by 465.5% in the 4th quarter. Los Angeles Capital Management LLC now owns 66,032 shares of the insurance provider’s stock valued at $15,906,000 after purchasing an additional 54,355 shares during the period. Edge Capital Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $208,000. Crestwood Advisors Group LLC lifted its stake in shares of Travelers Companies by 79.4% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,484 shares of the insurance provider’s stock valued at $598,000 after buying an additional 1,099 shares during the period. IFP Advisors Inc grew its position in Travelers Companies by 213.3% during the fourth quarter. IFP Advisors Inc now owns 13,110 shares of the insurance provider’s stock worth $3,158,000 after buying an additional 8,925 shares in the last quarter. Finally, Colonial River Investments LLC bought a new position in Travelers Companies during the fourth quarter valued at about $208,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $255.03 on Friday. The business has a fifty day moving average of $242.85 and a 200-day moving average of $242.64. The firm has a market cap of $57.82 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. 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 Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the company posted $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.65%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research reports. Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Finally, HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

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.