Snowden Capital Advisors LLC Buys 1,622 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Snowden Capital Advisors LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,262 shares of the insurance provider’s stock after purchasing an additional 1,622 shares during the period. Snowden Capital Advisors LLC’s holdings in Travelers Companies were worth $1,990,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Yoffe Investment Management LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $1,202,000. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $4,627,000. Erste Asset Management GmbH increased its stake in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Travelers Companies by 43.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after purchasing an additional 47,985 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Travelers Companies by 16.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock valued at $5,122,000 after buying an additional 3,046 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.0%

TRV stock opened at $273.57 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $273.89. The firm’s 50-day moving average is $258.66 and its 200 day moving average is $252.10. The company has a market capitalization of $61.98 billion, a PE ratio of 12.74, a P/E/G 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) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 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 for the quarter, compared to analyst estimates of $10.97 billion. During the same period last year, the company posted $4.69 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a 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 dividend payout ratio (DPR) is presently 23.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports 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. Barclays dropped their price objective 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. UBS Group decreased their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. 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. Finally, StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.