1,634 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Global View Capital Management LLC

Global View Capital Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,634 shares of the insurance provider's stock, valued at approximately $394,000.

A number of other large investors have also recently bought and sold shares of the business. YANKCOM Partnership acquired a new position in Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC acquired a new position in Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co acquired a new position in Travelers Companies during the 4th quarter worth $48,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after acquiring an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 1.1 %

Shares of Travelers Companies stock traded down $2.76 during trading hours on Wednesday, reaching $251.80. The company's stock had a trading volume of 739,661 shares, compared to its average volume of 1,171,643. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a market capitalization of $57.09 billion, a P/E ratio of 11.73, a P/E/G ratio of 4.65 and a beta of 0.60. The stock's fifty day simple moving average is $245.35 and its two-hundred day simple moving average is $245.34. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

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Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the firm earned $7.01 earnings per share. The firm's revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared 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 dividend yield of 1.67%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TRV shares. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. HSBC raised shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.