The Travelers Companies, Inc. (NYSE:TRV) Position Raised by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,677 shares of the insurance provider's stock after purchasing an additional 2,469 shares during the quarter. Beacon Pointe Advisors LLC's holdings in Travelers Companies were worth $5,222,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. Virtu Financial LLC boosted its position in shares of Travelers Companies by 25.6% during the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock valued at $3,978,000 after purchasing an additional 3,462 shares in the last quarter. Tudor Financial Inc. acquired a new stake in Travelers Companies during the third quarter valued at approximately $983,000. World Investment Advisors LLC bought a new stake in Travelers Companies during the third quarter worth approximately $501,000. Arvest Bank Trust Division acquired a new position in Travelers Companies in the third quarter worth approximately $16,344,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Travelers Companies in the third quarter valued at $2,174,000. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRV shares. Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. 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. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, UBS Group decreased their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Three research 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. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $267.32.

Travelers Companies Stock Up 1.0 %

TRV stock opened at $264.16 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $59.85 billion, a price-to-earnings ratio of 12.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a 50-day moving average of $255.12 and a two-hundred day moving average of $250.78.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the business posted $4.69 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Travelers Companies Company 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.

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