Sage Mountain Advisors LLC Takes $232,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Sage Mountain Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 965 shares of the insurance provider’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. FMR LLC increased its stake in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $138,619,000. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $96,012,000. Bank of Montreal Can increased its stake in shares of Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after buying an additional 282,884 shares during the period. Finally, Bryn Mawr Capital Management LLC increased its stake in shares of Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after buying an additional 236,686 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.9 %

TRV stock opened at $252.30 on Thursday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. 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 stock’s 50 day moving average is $245.58 and its 200-day moving average is $245.39. The firm has a market capitalization of $57.20 billion, a PE ratio of 11.75, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.66%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $261.05.

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.