Parkside Financial Bank & Trust Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Parkside Financial Bank & Trust grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,890 shares of the insurance provider’s stock after acquiring an additional 85 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Travelers Companies were worth $455,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TRV. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies in the 4th quarter worth approximately $4,627,000. Franklin Resources Inc. lifted its stake in shares of Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares during the period. Czech National Bank lifted its stake in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.5 %

Travelers Companies stock opened at $258.65 on Friday. The stock has a market cap of $58.64 billion, a P/E ratio of 12.05, a PEG ratio of 4.65 and a beta of 0.64. 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 firm’s 50 day moving average price is $243.21 and its 200-day moving average price is $242.98.

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

Travelers Companies Dividend Announcement

The firm also recently announced 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

TRV has been the topic of several recent research reports. Barclays increased their price objective 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. 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 note on Friday, January 24th. Janney Montgomery Scott cut 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 note on Thursday, November 21st. Finally, HSBC upgraded 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 given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $261.05.

About Travelers Companies

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.