Concurrent Investment Advisors LLC Has $868,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Concurrent Investment Advisors LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,602 shares of the insurance provider’s stock after purchasing an additional 77 shares during the period. Concurrent Investment Advisors LLC’s holdings in Travelers Companies were worth $868,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRV. YANKCOM Partnership purchased a new position in Travelers Companies in the fourth quarter valued at about $27,000. True Wealth Design LLC bought a new stake in shares of Travelers Companies in the 3rd quarter valued at approximately $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the fourth quarter worth approximately $44,000. Catalyst Capital Advisors LLC acquired a new position in Travelers Companies in the third quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays boosted their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Janney Montgomery Scott lowered 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. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Down 0.6 %

Shares of TRV opened at $239.90 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50-day simple moving average of $242.04 and a 200-day simple moving average of $241.97. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The firm has a market capitalization of $54.39 billion, a P/E ratio of 11.17, a P/E/G ratio of 4.65 and a beta of 0.64.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

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.