SRS Capital Advisors Inc. Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

SRS Capital Advisors Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,041 shares of the insurance provider’s stock after selling 167 shares during the period. SRS Capital Advisors Inc.’s holdings in Travelers Companies were worth $492,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TRV. Financial Advocates Investment Management purchased a new position in shares of Travelers Companies during the 3rd quarter worth approximately $228,000. Farther Finance Advisors LLC increased its stake in shares of Travelers Companies by 8.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock worth $588,000 after purchasing an additional 189 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of Travelers Companies by 23.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,664 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 318 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Travelers Companies by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 200,026 shares of the insurance provider’s stock worth $46,830,000 after purchasing an additional 2,896 shares in the last quarter. Finally, Confluence Wealth Services Inc. purchased a new position in shares of Travelers Companies during the 3rd quarter worth approximately $209,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.9 %

Shares of TRV opened at $260.77 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $59.12 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The company’s fifty day moving average is $243.60 and its two-hundred day moving average is $243.72. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

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 the consensus estimate of $6.50 by $2.65. The business 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 in the previous year, the business posted $7.01 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm 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. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. 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 research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price 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.