MGO One Seven LLC Purchases 3,425 Shares of The Travelers Companies, Inc. (NYSE:TRV)

MGO One Seven LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 75.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,975 shares of the insurance provider's stock after buying an additional 3,425 shares during the period. MGO One Seven LLC's holdings in Travelers Companies were worth $1,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Travelers Companies in the 4th quarter valued at approximately $560,918,000. Raymond James Financial Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $138,619,000. Proficio Capital Partners LLC purchased a new position in Travelers Companies in the 4th quarter worth about $96,012,000. Dimensional Fund Advisors LP boosted its holdings in shares of Travelers Companies by 7.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock valued at $813,704,000 after acquiring an additional 243,484 shares during the last quarter. Finally, Bryn Mawr Capital Management LLC grew its stake in shares of Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock worth $57,394,000 after acquiring an additional 236,686 shares during the period. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.8 %

Shares of NYSE:TRV traded down $2.17 during trading hours on Wednesday, hitting $261.88. 304,377 shares of the company's stock traded hands, compared to its average volume of 1,283,411. 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 business has a fifty day moving average price of $255.12 and a 200-day moving average price of $250.78. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The firm has a market capitalization of $59.33 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The company 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 prior year, the company posted $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.68%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is 23.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TRV shares. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Evercore ISI boosted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $267.32.

Travelers Companies 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.