Evoke Wealth LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Evoke Wealth LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,172 shares of the insurance provider's stock, valued at approximately $282,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its position in shares of Travelers Companies by 1.7% in the fourth quarter. Horizon Investments LLC now owns 12,174 shares of the insurance provider's stock valued at $2,933,000 after acquiring an additional 205 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Travelers Companies by 1.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 17,331 shares of the insurance provider's stock worth $4,268,000 after purchasing an additional 323 shares during the period. PDS Planning Inc boosted its stake in Travelers Companies by 4.1% in the 4th quarter. PDS Planning Inc now owns 1,821 shares of the insurance provider's stock worth $439,000 after purchasing an additional 71 shares during the period. Mystic Asset Management Inc. raised its position in shares of Travelers Companies by 5.7% during the fourth quarter. Mystic Asset Management Inc. now owns 1,146 shares of the insurance provider's stock valued at $276,000 after buying an additional 62 shares during the last quarter. Finally, Axxcess Wealth Management LLC boosted its position in shares of Travelers Companies by 16.6% during the fourth quarter. Axxcess Wealth Management LLC now owns 6,223 shares of the insurance provider's stock worth $1,499,000 after acquiring an additional 886 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have commented on TRV. Wells Fargo & Company boosted 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 Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $259.00 to $310.00 in a research 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 target for the company in a report on Wednesday, January 8th. Keefe, Bruyette & Woods raised Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $260.00.

Travelers Companies Trading Up 1.2 %

Shares of TRV stock traded up $3.00 on Monday, reaching $259.70. 1,240,000 shares of the company's stock were exchanged, compared to its average volume of 1,183,365. The company's fifty day simple moving average is $248.29 and its 200 day simple moving average is $247.17. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. 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 capitalization of $58.88 billion, a PE ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last released its 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 business had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Travelers Companies 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.