Independent Advisor Alliance Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Independent Advisor Alliance raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,566 shares of the insurance provider’s stock after purchasing an additional 1,954 shares during the quarter. Independent Advisor Alliance’s holdings in Travelers Companies were worth $9,049,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $48,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of several analyst reports. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

Shares of TRV opened at $256.81 on Tuesday. The firm has a market cap of $58.22 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60. The stock has a 50 day moving average of $245.08 and a 200-day moving average of $245.11. 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 52 week low of $200.21 and a 52 week high of $269.56.

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 analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm posted $7.01 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.