Minot DeBlois Advisors LLC Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Minot DeBlois Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,481 shares of the insurance provider's stock, valued at approximately $839,000.

Other large investors have also modified their holdings of the company. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares during the period. Quent Capital LLC grew its position in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after purchasing an additional 43 shares during the last quarter. Salem Investment Counselors Inc. grew its position in shares of Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 44 shares during the last quarter. Somerset Trust Co grew its position in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its position in shares of Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after purchasing an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Up 1.0%

TRV traded up $2.67 during trading on Friday, reaching $273.57. The company had a trading volume of 867,058 shares, compared to its average volume of 1,293,204. 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 12 month low of $200.21 and a 12 month high of $273.88. The business's fifty day moving average price is $258.28 and its 200 day moving average price is $251.92. The company has a market cap of $61.98 billion, a P/E ratio of 12.74, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the firm posted $4.69 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Evercore ISI boosted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $267.32.

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.