Stifel Financial Corp Acquires 2,521 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Stifel Financial Corp raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,054 shares of the insurance provider's stock after buying an additional 2,521 shares during the period. Stifel Financial Corp owned approximately 0.08% of Travelers Companies worth $42,169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the 4th quarter worth $37,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the fourth quarter worth $44,000. Providence First Trust Co acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of Travelers Companies during the 4th quarter valued at about $55,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE TRV traded up $1.33 during trading on Tuesday, hitting $262.94. 303,948 shares of the company's stock traded hands, compared to its average volume of 1,285,751. The business has a 50 day moving average of $254.66 and a 200-day moving average of $250.68. The stock has a market capitalization of $59.57 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. 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 released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during 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 period last year, the business earned $4.69 earnings per share. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is a positive change 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 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 23.95%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research reports. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Monday, March 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Barclays lowered their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.