Natixis Advisors LLC Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

Natixis Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,386 shares of the insurance provider’s stock after purchasing an additional 347 shares during the quarter. Natixis Advisors LLC’s holdings in Travelers Companies were worth $23,700,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter worth about $27,000. True Wealth Design LLC purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the fourth quarter worth $44,000. Providence First Trust Co purchased a new stake in Travelers Companies during the fourth quarter worth $48,000. Finally, Versant Capital Management Inc grew its holdings in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.7 %

Shares of NYSE TRV opened at $265.28 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $60.15 billion, a PE ratio of 12.36, a P/E/G ratio of 4.65 and a beta of 0.60. The firm has a fifty day moving average of $246.73 and a 200-day moving average of $246.31. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56.

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 yield of 1.58%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Tuesday, December 10th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $261.05.

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.