Parr Mcknight Wealth Management Group LLC Makes New $485,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Parr Mcknight Wealth Management Group LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,013 shares of the insurance provider's stock, valued at approximately $485,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TRV. Bank of America Corp DE boosted its holdings in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the period. Norges Bank purchased a new position in Travelers Companies during the 4th quarter valued at about $560,918,000. Balyasny Asset Management L.P. boosted its holdings in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after acquiring an additional 907,266 shares during the period. Raymond James Financial Inc. purchased a new position in Travelers Companies during the 4th quarter valued at about $138,619,000. Finally, Proficio Capital Partners LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $96,012,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock traded up $0.42 during midday trading on Thursday, hitting $274.07. The company had a trading volume of 352,435 shares, compared to its average volume of 1,291,447. The company's 50 day simple moving average is $260.85 and its 200 day simple moving average is $253.40. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.60. The stock has a market cap of $62.10 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TRV. Evercore ISI raised their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. UBS Group reduced their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their price target on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $271.11.

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.