Aigen Investment Management LP Takes $501,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Aigen Investment Management LP bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,081 shares of the insurance provider's stock, valued at approximately $501,000.

A number of other institutional investors also recently bought and sold shares of TRV. State Street Corp raised its holdings in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the period. FMR LLC raised its holdings in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Geode Capital Management LLC raised its holdings in Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after acquiring an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Travelers Companies by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after acquiring an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in Travelers Companies by 4.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after acquiring an additional 51,589 shares during the period. 82.45% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms have commented on TRV. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Janney Montgomery Scott lowered Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. HSBC upgraded 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 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. Finally, Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $261.05.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $2.07 during trading hours on Friday, reaching $258.09. The stock had a trading volume of 966,240 shares, compared to its average volume of 1,325,873. The stock's 50 day moving average is $244.74 and its 200 day moving average is $244.64. The firm has a market capitalization of $58.51 billion, a PE ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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, 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 firm 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 firm earned $7.01 EPS. The company's revenue for the quarter was up 9.9% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

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.