Nearwater Capital Markets Ltd bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 65,000 shares of the insurance provider's stock, valued at approximately $15,658,000.
Other hedge funds also recently made changes to their positions in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new position in Travelers Companies during the fourth quarter worth about $30,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the fourth quarter worth about $37,000. Asset Planning Inc acquired a new position in Travelers Companies during the fourth quarter worth about $44,000. Finally, Quarry LP raised its position in Travelers Companies by 400.0% during the fourth 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. Institutional investors and hedge funds own 82.45% of the company's stock.
Wall Street Analyst Weigh In
TRV has been the subject of a number of research reports. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. Evercore ISI lifted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Finally, Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $267.32.
View Our Latest Stock Report on Travelers Companies
Travelers Companies Trading Up 1.0%
Travelers Companies stock traded up $2.67 during trading on Friday, reaching $273.57. The company had a trading volume of 867,058 shares, compared to its average volume of 1,293,204. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $273.88. The stock's 50 day moving average price is $258.66 and its two-hundred day moving average price is $252.09. The firm has a market capitalization of $61.98 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.
Travelers Companies (NYSE:TRV - Get Free Report) last released 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm earned $4.69 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.
Travelers Companies Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.
About Travelers Companies
(
Free Report)
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.
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