Providence First Trust Co Invests $48,000 in The Travelers Companies, Inc. (NYSE:TRV)

Providence First Trust Co acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel reports. The fund acquired 200 shares of the insurance provider’s stock, valued at approximately $48,000.

Other hedge funds have also modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Keefe, Bruyette & Woods upgraded 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 report on Wednesday, February 19th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Shares of TRV stock opened at $258.65 on Friday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The stock’s 50-day moving average is $243.21 and its 200 day moving average is $243.20. The company has a market cap of $58.64 billion, a P/E ratio of 12.05, a PEG ratio of 4.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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 company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company earned $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given 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 of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

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.