Waverly Advisors LLC Acquires 1,181 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Waverly Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 43.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,885 shares of the insurance provider's stock after buying an additional 1,181 shares during the period. Waverly Advisors LLC's holdings in Travelers Companies were worth $936,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. YANKCOM Partnership acquired a new stake in Travelers Companies during the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies during the 4th quarter valued at $30,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc acquired a new stake in Travelers Companies during the 4th quarter valued at $44,000. Finally, Quarry LP increased its holdings in Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Barclays lowered their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Evercore ISI lifted their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Performance

TRV stock traded down $0.53 during midday trading on Thursday, hitting $273.12. The company's stock had a trading volume of 269,368 shares, compared to its average volume of 1,291,147. The stock's 50-day moving average price is $260.85 and its 200 day moving average price is $253.40. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.60. The stock has a market cap of $61.88 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping 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 business had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the previous year, the firm earned $4.69 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

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

Travelers Companies Company 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.