Waverly Advisors LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Waverly Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 43.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,885 shares of the insurance provider's stock after buying an additional 1,181 shares during the quarter. Waverly Advisors LLC's holdings in Travelers Companies were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Yoffe Investment Management LLC purchased a new position in Travelers Companies during the fourth quarter valued at approximately $1,202,000. Elevate Capital Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at $4,627,000. Erste Asset Management GmbH boosted its holdings in Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock worth $38,343,000 after buying an additional 47,985 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in Travelers Companies by 16.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after buying an additional 3,046 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRV. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Barclays decreased their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Trading Down 0.8%

TRV stock traded down $2.18 during midday trading on Wednesday, reaching $273.70. The company's stock had a trading volume of 1,330,559 shares, compared to its average volume of 1,293,089. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $280.28. The firm has a market capitalization of $62.01 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 4.65 and a beta of 0.53. The stock has a fifty day simple moving average of $260.51 and a two-hundred day simple moving average of $253.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $4.69 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

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