Colonial River Investments LLC Takes $208,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Colonial River Investments LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 863 shares of the insurance provider’s stock, valued at approximately $208,000.

Other institutional investors have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the fourth quarter worth $44,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $50,000. Finally, Versant Capital Management Inc raised its position in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TRV shares. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company boosted 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. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued 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 price target of $261.05.

Travelers Companies Stock Performance

Shares of TRV stock opened at $248.29 on Tuesday. 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 fifty-two week low of $200.21 and a fifty-two week high of $269.55. The stock’s 50-day moving average is $242.08 and its two-hundred day moving average is $242.23. The firm has a market cap of $56.29 billion, a P/E ratio of 11.56, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the firm posted $7.01 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.69%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Travelers Companies 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.