Tidal Investments LLC Acquires 1,694 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Tidal Investments LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,124 shares of the insurance provider's stock after acquiring an additional 1,694 shares during the period. Tidal Investments LLC's holdings in Travelers Companies were worth $2,198,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies in the fourth quarter valued at approximately $30,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Finally, Quarry LP increased its holdings in shares of Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after acquiring an additional 152 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group lifted their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Evercore ISI lifted their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $270.42.

Travelers Companies Stock Performance

NYSE TRV traded up $4.28 on Tuesday, hitting $275.32. 577,721 shares of the company traded hands, compared to its average volume of 1,290,854. The business's 50 day moving average price is $260.18 and its 200-day moving average price is $253.10. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $275.67. 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 company has a market capitalization of $62.38 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the firm earned $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 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.