First Horizon Advisors Inc. Grows Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

First Horizon Advisors Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,177 shares of the insurance provider’s stock after buying an additional 2,068 shares during the quarter. Travelers Companies comprises about 1.0% of First Horizon Advisors Inc.’s holdings, making the stock its 23rd largest position. First Horizon Advisors Inc. owned approximately 0.06% of Travelers Companies worth $34,972,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Allspring Global Investments Holdings LLC grew its holdings in shares of Travelers Companies by 36.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after buying an additional 4,474 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Travelers Companies by 87.2% during the third quarter. Foundations Investment Advisors LLC now owns 2,065 shares of the insurance provider’s stock worth $484,000 after buying an additional 962 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Travelers Companies by 23,378.8% during the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock worth $121,811,000 after buying an additional 518,075 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Travelers Companies by 1,167.4% during the third quarter. Assenagon Asset Management S.A. now owns 85,020 shares of the insurance provider’s stock worth $19,905,000 after buying an additional 78,312 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of Travelers Companies by 8.9% during the third quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock worth $404,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on TRV. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Janney Montgomery Scott downgraded 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 report on Thursday, November 21st. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Trading Down 0.6 %

Shares of Travelers Companies stock opened at $239.90 on Friday. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The company has a market capitalization of $54.39 billion, a P/E ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64. The business has a 50 day moving average price of $242.04 and a 200 day moving average price of $241.74.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during 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 company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.01 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s payout ratio is currently 19.56%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction that occurred on Monday, November 25th. The shares were 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 directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.33% of the stock is owned by corporate insiders.

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.