GWN Securities Inc. Acquires New Position in The Travelers Companies, Inc. (NYSE:TRV)

GWN Securities Inc. bought a new stake in shares of 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 fund bought 949 shares of the insurance provider's stock, valued at approximately $230,000.

Several other hedge funds have also bought and sold shares of TRV. Patten & Patten Inc. TN grew its stake in shares of Travelers Companies by 18.7% during the 4th quarter. Patten & Patten Inc. TN now owns 1,201 shares of the insurance provider's stock valued at $289,000 after acquiring an additional 189 shares during the period. Choate Investment Advisors lifted its holdings in Travelers Companies by 2.3% during the fourth quarter. Choate Investment Advisors now owns 7,890 shares of the insurance provider's stock valued at $1,901,000 after purchasing an additional 177 shares in the last quarter. Globeflex Capital L P bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $2,891,000. Natixis Advisors LLC increased its stake in shares of Travelers Companies by 0.4% in the fourth quarter. Natixis Advisors LLC now owns 98,386 shares of the insurance provider's stock worth $23,700,000 after purchasing an additional 347 shares in the last quarter. Finally, Greatmark Investment Partners Inc. raised its position in shares of Travelers Companies by 2.7% during the 4th quarter. Greatmark Investment Partners Inc. now owns 59,181 shares of the insurance provider's stock valued at $14,256,000 after purchasing an additional 1,538 shares during the period. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.1 %

Shares of Travelers Companies stock traded down $2.84 during trading on Friday, hitting $256.70. The stock had a trading volume of 3,669,034 shares, compared to its average volume of 1,184,395. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm's fifty day simple moving average is $247.81 and its 200-day simple moving average is $246.73. The stock has a market cap of $58.20 billion, a PE ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60.

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Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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 last year, the firm earned $7.01 earnings per share. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. Barclays upped their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Hsbc Global Res raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.