Scotia Capital Inc. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,270 shares of the insurance provider's stock, valued at approximately $306,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its stake in Travelers Companies by 25.6% in the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock valued at $3,978,000 after buying an additional 3,462 shares in the last quarter. Tudor Financial Inc. purchased a new stake in shares of Travelers Companies in the third quarter valued at $983,000. World Investment Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter valued at $501,000. Arvest Bank Trust Division purchased a new stake in Travelers Companies during the 3rd quarter worth about $16,344,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Travelers Companies in the 3rd quarter valued at about $2,174,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.
Travelers Companies Stock Up 1.4 %
Shares of Travelers Companies stock traded up $3.57 on Friday, hitting $256.05. 1,682,102 shares of the company's stock traded hands, compared to its average volume of 1,286,215. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. 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 stock has a market cap of $58.05 billion, a P/E ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.48. The firm's 50-day moving average is $252.42 and its 200 day moving average is $249.58.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the firm posted $4.69 EPS. 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. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.72%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is presently 23.95%.
Wall Street Analyst Weigh In
TRV has been the subject of a number of recent research reports. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday. JPMorgan Chase & Co. lifted their target price 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. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Evercore ISI upped their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus target price of $267.32.
Check Out Our Latest Report on TRV
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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