The Travelers Companies, Inc. (NYSE:TRV) Stake Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,265 shares of the insurance provider’s stock after acquiring an additional 3,046 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Travelers Companies were worth $5,122,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the 4th quarter worth about $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the 4th quarter worth about $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies during the 4th quarter worth about $48,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $50,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent research reports. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Tuesday, December 10th. 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. Piper Sandler raised 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. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $256.20 on Friday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The firm has a market capitalization of $58.09 billion, a PE ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.60. The business’s 50 day moving average is $244.41 and its 200-day moving average is $244.18. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 analyst estimates of $10.80 billion. During the same quarter last year, the firm earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

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.