Great Lakes Advisors LLC decreased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207,919 shares of the insurance provider's stock after selling 1,970 shares during the quarter. Great Lakes Advisors LLC owned about 0.09% of Travelers Companies worth $50,086,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter worth approximately $27,000. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter valued at $41,000. Asset Planning Inc purchased a new stake in Travelers Companies in the fourth quarter valued at $44,000. Providence First Trust Co purchased a new stake in Travelers Companies in the fourth quarter valued at $48,000. Finally, Versant Capital Management Inc raised its position in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.
Travelers Companies Stock Performance
NYSE TRV opened at $254.51 on Wednesday. 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 business's 50 day moving average is $245.35 and its two-hundred day moving average is $245.34. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The stock has a market capitalization of $57.70 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 4.65 and a beta of 0.60.
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 analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.01 EPS. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.
Travelers Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on TRV shares. Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price on the stock. in a research report on Thursday, November 21st. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $259.00 to $310.00 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 research note on Tuesday, December 10th. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $261.05.
Check Out Our Latest Report on Travelers Companies
Travelers Companies Profile
(
Free Report)
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.
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