Bradley Foster & Sargent Inc. CT Has $9.35 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bradley Foster & Sargent Inc. CT reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,798 shares of the insurance provider’s stock after selling 177 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Travelers Companies were worth $9,346,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Hussman Strategic Advisors Inc. acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $1,012,000. Concurrent Investment Advisors LLC lifted its holdings in Travelers Companies by 2.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 3,602 shares of the insurance provider’s stock valued at $868,000 after buying an additional 77 shares during the period. Handelsbanken Fonder AB boosted its position in Travelers Companies by 15.1% during the fourth quarter. Handelsbanken Fonder AB now owns 55,074 shares of the insurance provider’s stock valued at $13,267,000 after acquiring an additional 7,231 shares during the last quarter. Wealth Alliance raised its position in shares of Travelers Companies by 1.2% in the 4th quarter. Wealth Alliance now owns 5,116 shares of the insurance provider’s stock worth $1,232,000 after acquiring an additional 60 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in shares of Travelers Companies by 56.7% in the 4th quarter. Ieq Capital LLC now owns 22,582 shares of the insurance provider’s stock valued at $5,440,000 after purchasing an additional 8,171 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Tuesday, December 10th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research note on Thursday, November 21st. Barclays increased their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. 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. Finally, BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $241.06 on Friday. The business’s fifty day simple moving average is $242.17 and its 200 day simple moving average is $241.29. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The firm has a market capitalization of $54.66 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 4.67 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its quarterly 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the previous year, the firm earned $7.01 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is owned by company insiders.

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.