Sage Mountain Advisors LLC Purchases New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Sage Mountain Advisors LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, Holdings Channel reports. The firm purchased 965 shares of the insurance provider’s stock, valued at approximately $232,000.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TRV shares. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company raised their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, StockNews.com lowered 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, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

NYSE:TRV opened at $252.30 on Thursday. The firm has a market capitalization of $57.20 billion, a price-to-earnings ratio of 11.75, a P/E/G 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 has a fifty day moving average of $245.58 and a 200 day moving average of $245.39. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm 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 company posted $7.01 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) 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.