Tidal Investments LLC Buys 1,694 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Tidal Investments LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,124 shares of the insurance provider's stock after acquiring an additional 1,694 shares during the quarter. Tidal Investments LLC's holdings in Travelers Companies were worth $2,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Texas Bank & Trust Co bought a new stake in shares of Travelers Companies during the fourth quarter worth $1,139,000. State of Wyoming grew its stake in shares of Travelers Companies by 80.6% during the fourth quarter. State of Wyoming now owns 1,512 shares of the insurance provider's stock worth $364,000 after buying an additional 675 shares during the last quarter. Strategic Wealth Partners Ltd. bought a new stake in shares of Travelers Companies during the fourth quarter worth $203,000. Toronto Dominion Bank grew its stake in shares of Travelers Companies by 6.9% during the fourth quarter. Toronto Dominion Bank now owns 121,846 shares of the insurance provider's stock worth $29,351,000 after buying an additional 7,832 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its stake in shares of Travelers Companies by 24.4% during the fourth quarter. Snowden Capital Advisors LLC now owns 8,262 shares of the insurance provider's stock worth $1,990,000 after buying an additional 1,622 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target 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. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Finally, Evercore ISI boosted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $270.42.

Travelers Companies Stock Down 1.1%

Shares of NYSE:TRV traded down $2.95 during midday trading on Wednesday, hitting $272.93. 269,405 shares of the company's stock were exchanged, compared to its average volume of 1,288,974. 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 stock has a 50 day moving average price of $260.51 and a 200-day moving average price of $253.26. The company has a market cap of $61.84 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $280.28.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the firm posted $4.69 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. 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%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 23.95%.

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.