ProShare Advisors LLC Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

ProShare Advisors LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 36.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,860 shares of the insurance provider's stock after purchasing an additional 53,529 shares during the quarter. ProShare Advisors LLC owned about 0.09% of Travelers Companies worth $47,903,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Travelers Companies during the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the fourth quarter valued at approximately $30,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $37,000. Asset Planning Inc bought a new position in Travelers Companies during the fourth quarter valued at approximately $44,000. Finally, Quarry LP lifted its position in Travelers Companies by 400.0% during the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TRV shares. BMO Capital Markets increased their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Morgan Stanley raised their price objective on shares of Travelers Companies from $245.00 to $269.00 and gave the company an "equal weight" rating in a research report on Monday. Piper Sandler upgraded 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 report on Friday, January 24th. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Finally, Evercore ISI lifted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Three equities research 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 presently has a consensus rating of "Hold" and a consensus price target of $270.42.

Travelers Companies Trading Down 0.5%

Shares of TRV stock traded down $1.26 during trading hours on Wednesday, reaching $272.46. 234,657 shares of the stock were exchanged, compared to its average volume of 1,373,098. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $275.03. The company's 50-day moving average price is $259.45 and its 200-day moving average price is $252.50. The firm has a market capitalization of $61.73 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the business posted $4.69 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current 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 paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date 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 23.95%.

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.