Avestar Capital LLC Purchases 151 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Avestar Capital LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,320 shares of the insurance provider’s stock after acquiring an additional 151 shares during the period. Avestar Capital LLC’s holdings in Travelers Companies were worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. PrairieView Partners LLC increased its position in shares of Travelers Companies by 4.8% during the fourth quarter. PrairieView Partners LLC now owns 1,625 shares of the insurance provider’s stock valued at $391,000 after acquiring an additional 75 shares in the last quarter. Hemington Wealth Management raised its stake in Travelers Companies by 16.9% during the 4th quarter. Hemington Wealth Management now owns 414 shares of the insurance provider’s stock valued at $99,000 after buying an additional 60 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Travelers Companies by 1.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,923 shares of the insurance provider’s stock valued at $4,077,000 after buying an additional 292 shares during the last quarter. Great Lakes Retirement Inc. raised its stake in Travelers Companies by 3.4% during the 4th quarter. Great Lakes Retirement Inc. now owns 5,507 shares of the insurance provider’s stock valued at $1,327,000 after buying an additional 182 shares during the last quarter. Finally, Quent Capital LLC raised its stake in Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after buying an additional 43 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 2.0 %

Shares of Travelers Companies stock opened at $238.25 on Friday. The company has a fifty day moving average of $243.21 and a 200 day moving average of $240.46. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The company has a market capitalization of $54.09 billion, a P/E ratio of 11.10, a P/E/G ratio of 1.08 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the firm earned $7.01 EPS. The business’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.57 earnings per share 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. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $260.47.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

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.