1,200 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Enhancing Capital LLC

Enhancing Capital LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,200 shares of the insurance provider's stock, valued at approximately $289,000.

Several other hedge funds have also modified their holdings of TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $27,000. True Wealth Design LLC purchased a new position in Travelers Companies in the third quarter valued at $41,000. Asset Planning Inc purchased a new position in Travelers Companies in the fourth quarter valued at $44,000. Providence First Trust Co purchased a new position in Travelers Companies in the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. purchased a new position in Travelers Companies in the fourth quarter valued at $55,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 1.1 %

Shares of TRV stock traded down $2.84 on Friday, reaching $256.70. 3,669,046 shares of the stock were exchanged, compared to its average volume of 1,183,001. The stock has a market cap of $58.20 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. 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 firm has a 50 day moving average of $248.29 and a two-hundred day moving average of $247.06. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56.

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Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The business 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 business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $7.01 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies's payout ratio is 19.56%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TRV shares. 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. HSBC upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Four equities 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 given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $261.05.

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.