The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,810 shares of the insurance provider’s stock after buying an additional 266 shares during the period. Integrated Wealth Concepts LLC’s holdings in Travelers Companies were worth $1,641,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of analyst reports. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Barclays decreased their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group boosted their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $267.32.

Travelers Companies Trading Up 0.9 %

NYSE TRV opened at $261.56 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $59.26 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.48. The firm’s 50 day moving average price is $254.66 and its two-hundred day moving average price is $250.68.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the business posted $4.69 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is presently 23.95%.

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.