PDS Planning Inc Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

PDS Planning Inc increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,821 shares of the insurance provider’s stock after buying an additional 71 shares during the period. PDS Planning Inc’s holdings in Travelers Companies were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp increased its stake in shares of Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after buying an additional 120,228 shares during the last quarter. FMR LLC increased its stake in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after buying an additional 114,714 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock worth $366,820,000 after buying an additional 26,117 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its stake in shares of Travelers Companies by 4.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider’s stock worth $286,475,000 after buying an additional 51,589 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $260.17 on Wednesday. The company has a market capitalization of $58.99 billion, a P/E ratio of 12.12, a PEG ratio of 4.65 and a beta of 0.60. The company has a 50-day simple moving average of $247.11 and a 200 day simple moving average of $246.54. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted 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 net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the prior year, the company posted $7.01 earnings per share. The company’s quarterly revenue 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 fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. BMO Capital Markets boosted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average target price 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.