HighPoint Advisor Group LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

HighPoint Advisor Group LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,315 shares of the insurance provider’s stock after buying an additional 271 shares during the period. HighPoint Advisor Group LLC’s holdings in Travelers Companies were worth $1,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock worth $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. State Street Corp lifted its position in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after buying an additional 120,228 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after buying an additional 114,714 shares in the last quarter. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter worth approximately $560,918,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Travelers Companies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock worth $366,820,000 after acquiring an additional 26,117 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.0 %

Shares of TRV opened at $264.46 on Tuesday. The company has a market capitalization of $59.96 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock’s 50-day moving average price is $251.05 and its 200-day moving average price is $248.29. 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 released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate 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 return on equity of 19.06% and a net margin of 10.77%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.01 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.59%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRV shares. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Barclays increased their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $260.00.

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.