Proficio Capital Partners LLC Purchases New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Proficio Capital Partners LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,655 shares of the insurance provider’s stock, valued at approximately $399,000.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $27,000. True Wealth Design LLC bought a new stake in Travelers Companies during the third quarter worth $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $44,000. Providence First Trust Co bought a new position in shares of Travelers Companies in the 4th quarter valued at $48,000. Finally, Versant Capital Management Inc increased its stake in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday. Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Barclays lifted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Price Performance

Shares of TRV opened at $259.50 on Wednesday. The firm has a market cap of $58.84 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The business’s 50 day moving average price is $249.27 and its two-hundred day moving average price is $247.54. 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, topping 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 for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the prior year, the firm earned $7.01 earnings per share. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 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.