iA Global Asset Management Inc. Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

iA Global Asset Management Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 91.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,806 shares of the insurance provider's stock after purchasing an additional 7,060 shares during the period. iA Global Asset Management Inc.'s holdings in Travelers Companies were worth $3,567,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in Travelers Companies by 8.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider's stock worth $3,982,000 after buying an additional 1,360 shares in the last quarter. Prospera Financial Services Inc raised its position in Travelers Companies by 61.1% in the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider's stock worth $1,109,000 after purchasing an additional 1,794 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Travelers Companies in the 3rd quarter worth $2,932,000. Prospera Private Wealth LLC bought a new stake in Travelers Companies in the third quarter worth $84,000. Finally, Ontario Teachers Pension Plan Board purchased a new stake in Travelers Companies during the third quarter valued at about $405,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.0 %

Shares of NYSE:TRV traded up $0.06 during trading on Tuesday, reaching $259.50. 1,136,238 shares of the stock traded hands, compared to its average volume of 1,182,880. The stock has a market cap of $58.84 billion, a P/E ratio of 12.09, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50-day moving average of $248.83 and a two-hundred day moving average of $247.37. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56.

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Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $7.01 EPS. The company's revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies's payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TRV. Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. 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 report on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $260.00.

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.