1620 Investment Advisors Inc. Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

1620 Investment Advisors Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,271 shares of the insurance provider’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $27,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies during the 4th quarter worth $37,000. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc acquired a new stake in Travelers Companies during the 4th quarter worth $44,000. Finally, Providence First Trust Co acquired a new stake in Travelers Companies during the 4th quarter worth $48,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV opened at $259.36 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $58.80 billion, a P/E ratio of 12.08, a PEG ratio of 4.65 and a beta of 0.60. The company has a 50-day moving average of $247.81 and a two-hundred day moving average of $246.73. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. 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 posted $7.01 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus 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.