D.A. Davidson & CO. Has $2.89 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

D.A. Davidson & CO. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,007 shares of the insurance provider’s stock after selling 155 shares during the period. D.A. Davidson & CO.’s holdings in Travelers Companies were worth $2,892,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Empower Advisory Group LLC increased its holdings in shares of Travelers Companies by 19.0% in the 4th quarter. Empower Advisory Group LLC now owns 2,598 shares of the insurance provider’s stock valued at $626,000 after purchasing an additional 414 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Travelers Companies by 5.4% in the 4th quarter. CIBC Asset Management Inc now owns 35,142 shares of the insurance provider’s stock valued at $8,465,000 after purchasing an additional 1,805 shares during the period. Catalyst Capital Advisors LLC grew its stake in shares of Travelers Companies by 71.2% in the 4th quarter. Catalyst Capital Advisors LLC now owns 363 shares of the insurance provider’s stock valued at $87,000 after buying an additional 151 shares in the last quarter. Strategic Advisors LLC grew its stake in shares of Travelers Companies by 7.1% in the 4th quarter. Strategic Advisors LLC now owns 3,276 shares of the insurance provider’s stock valued at $789,000 after buying an additional 218 shares in the last quarter. Finally, Monument Capital Management grew its stake in shares of Travelers Companies by 17.3% in the 4th quarter. Monument Capital Management now owns 1,536 shares of the insurance provider’s stock valued at $370,000 after buying an additional 226 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $239.90 on Friday. The business has a fifty day simple moving average of $242.04 and a 200 day simple moving average of $241.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $54.39 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 4.67 and a beta of 0.64. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company posted $7.01 earnings per share. Sell-side analysts expect 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 paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. Travelers Companies’s payout ratio is 19.56%.

Insider Activity at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TRV shares. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $286.00 in a research note on Wednesday. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays boosted their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $261.05.

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.