Dorsey & Whitney Trust CO LLC Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

Dorsey & Whitney Trust CO LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,741 shares of the insurance provider’s stock after purchasing an additional 74 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Travelers Companies were worth $1,142,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TRV. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter worth $27,000. True Wealth Design LLC purchased a new position in shares of Travelers Companies in the third quarter valued at $41,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the fourth quarter valued at $44,000. Providence First Trust Co purchased a new position in shares of Travelers Companies in the fourth quarter valued at $48,000. Finally, Versant Capital Management Inc increased its position in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.8 %

TRV opened at $258.09 on Monday. The firm has a market capitalization of $58.51 billion, a P/E ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. The firm’s 50 day moving average is $244.74 and its 200-day moving average is $244.84. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

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, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $7.01 earnings per share. 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid 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 1.63%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. 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. 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, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.