Northern Trust Corp Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Northern Trust Corp raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,329,232 shares of the insurance provider's stock after buying an additional 364,379 shares during the quarter. Northern Trust Corp owned about 1.47% of Travelers Companies worth $801,979,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TRV. Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after acquiring an additional 41 shares in the last quarter. Quent Capital LLC raised its stake in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after acquiring an additional 43 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after acquiring an additional 44 shares in the last quarter. Somerset Trust Co raised its stake in shares of Travelers Companies by 5.2% during the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after acquiring an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after acquiring an additional 46 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.9 %

NYSE:TRV traded down $2.35 on Thursday, reaching $261.78. The company's stock had a trading volume of 1,153,566 shares, compared to its average volume of 1,286,945. 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 $59.31 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The stock has a 50 day moving average price of $255.61 and a 200 day moving average price of $250.87.

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 (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the business earned $4.69 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRV. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Finally, Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average price target of $267.32.

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.