Ethic Inc. Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Ethic Inc. raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 38.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,951 shares of the insurance provider's stock after purchasing an additional 12,801 shares during the period. Ethic Inc.'s holdings in Travelers Companies were worth $11,069,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. YANKCOM Partnership purchased a new stake in Travelers Companies during the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $44,000. Finally, Quarry LP boosted its stake in shares of Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 0.4%

Shares of TRV traded down $1.17 during trading hours on Friday, hitting $269.65. The company had a trading volume of 774,507 shares, compared to its average volume of 1,292,348. The firm has a fifty day moving average price of $257.51 and a 200-day moving average price of $251.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $61.09 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $273.08.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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 return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the business posted $4.69 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced 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. This represents a $4.40 annualized dividend and a yield of 1.63%. 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 dividend payout ratio (DPR) is currently 23.95%.

Analyst Ratings Changes

TRV has been the subject of a number of research reports. 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. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. BMO Capital Markets increased their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Finally, StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $267.32.

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.