Proficio Capital Partners LLC Purchases Shares of 1,655 The Travelers Companies, Inc. (NYSE:TRV)

Proficio Capital Partners LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent disclosure with the Securities & 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 made changes to their positions in the company. State Street Corp grew its holdings in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after buying an additional 120,228 shares in the last quarter. FMR LLC boosted its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after acquiring an additional 114,714 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock valued at $366,820,000 after purchasing an additional 26,117 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of Travelers Companies by 4.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider’s stock valued at $286,475,000 after purchasing an additional 51,589 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRV shares. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price target for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Price Performance

Travelers Companies stock opened at $259.50 on Wednesday. The firm has a market capitalization of $58.84 billion, a P/E ratio of 12.09, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The business has a fifty day moving average price of $249.27 and a 200-day moving average price of $247.54.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS 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 issued a dividend of $1.05 per share. 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 dividend payout ratio (DPR) is presently 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.