HighTower Advisors LLC Buys 32,285 Shares of The Travelers Companies, Inc. (NYSE:TRV)

HighTower Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 26.0% during the 4th quarter, Holdings Channel reports. The firm owned 156,519 shares of the insurance provider’s stock after purchasing an additional 32,285 shares during the quarter. HighTower Advisors LLC’s holdings in Travelers Companies were worth $37,704,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Travelers Companies in the fourth quarter worth approximately $138,619,000. Proficio Capital Partners LLC purchased a new stake in Travelers Companies in the fourth quarter worth approximately $96,012,000. Bank of Montreal Can boosted its stake in Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock worth $166,645,000 after buying an additional 282,884 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC boosted its stake in 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 worth $57,394,000 after buying an additional 236,686 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

TRV opened at $256.05 on Friday. The stock has a fifty day simple moving average of $245.88 and a two-hundred day simple moving average of $245.46. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a market cap of $58.05 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.01 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TRV shares. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Barclays increased their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $261.05.

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.