Elevate Capital Advisors LLC Invests $4.63 Million in The Travelers Companies, Inc. (NYSE:TRV)

Elevate Capital Advisors LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, HoldingsChannel.com reports. The fund bought 19,209 shares of the insurance provider’s stock, valued at approximately $4,627,000. Travelers Companies accounts for approximately 4.1% of Elevate Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest position.

Several other large investors also recently bought and sold shares of TRV. Savant Capital LLC grew its stake in shares of Travelers Companies by 0.8% in the 4th quarter. Savant Capital LLC now owns 12,211 shares of the insurance provider’s stock worth $2,941,000 after buying an additional 97 shares in the last quarter. Wealthstar Advisors LLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $359,000. Focused Wealth Management Inc lifted its holdings in shares of Travelers Companies by 5.7% in the 4th quarter. Focused Wealth Management Inc now owns 1,001 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 54 shares during the last quarter. Newbridge Financial Services Group Inc. grew its position in Travelers Companies by 32.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 3,930 shares of the insurance provider’s stock worth $947,000 after acquiring an additional 972 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in Travelers Companies by 53.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 7,522 shares of the insurance provider’s stock worth $1,812,000 after acquiring an additional 2,633 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.0 %

Shares of Travelers Companies stock opened at $245.13 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a market cap of $55.65 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 1.08 and a beta of 0.64. The firm’s 50-day moving average is $244.82 and its two-hundred day moving average is $239.78. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $7.01 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TRV shares. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a report on Thursday, November 21st. Finally, Roth Mkm increased their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given 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 target price of $260.47.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.

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.