Hickory Point Bank & Trust Invests $347,000 in The Travelers Companies, Inc. (NYSE:TRV)

Hickory Point Bank & Trust bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,441 shares of the insurance provider’s stock, valued at approximately $347,000.

Several other institutional investors and hedge funds have also modified their holdings of TRV. YANKCOM Partnership acquired a new position in Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC acquired a new position in Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co acquired a new position in Travelers Companies during the 4th quarter worth $48,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter worth $50,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.5 %

Shares of NYSE:TRV opened at $258.65 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The company has a 50-day simple moving average of $243.21 and a 200 day simple moving average of $243.20. 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) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $7.01 EPS. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. BMO Capital Markets upped their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price 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. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Finally, Barclays upped their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $261.05.

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.