Bailard Inc. Acquires 100 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Bailard Inc. increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,348 shares of the insurance provider’s stock after buying an additional 100 shares during the period. Bailard Inc.’s holdings in Travelers Companies were worth $1,047,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Elevate Capital Advisors LLC bought a new position in Travelers Companies in the fourth quarter worth approximately $4,627,000. Franklin Resources Inc. increased its position in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in shares of Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Czech National Bank lifted its holdings in shares of Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $260.77 on Tuesday. The business’s 50-day moving average is $243.60 and its two-hundred day moving average is $243.72. The company has a market capitalization of $59.12 billion, a P/E ratio of 12.15, a P/E/G ratio of 4.65 and a beta of 0.64. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the firm earned $7.01 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TRV shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets increased their price objective 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 increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Finally, Barclays increased their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.