New Age Alpha Advisors LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 16,869 shares of the insurance provider's stock, valued at approximately $4,064,000.
Several other hedge funds have also made changes to their positions in TRV. YANKCOM Partnership acquired a new stake in Travelers Companies during the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $37,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $41,000. Asset Planning Inc purchased a new position in Travelers Companies in the 4th quarter valued at $44,000. Finally, Providence First Trust Co acquired a new position in Travelers Companies in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Price Performance
Travelers Companies stock traded down $0.21 during midday trading on Tuesday, reaching $264.25. 531,935 shares of the company were exchanged, compared to its average volume of 1,375,209. The company has a market capitalization of $59.91 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. 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 firm's 50-day simple moving average is $251.05 and its 200-day simple moving average is $248.29.
Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 analysts' expectations of $10.80 billion. During the same period in the previous year, the company earned $7.01 EPS. Travelers Companies's revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.
Travelers Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. Travelers Companies's payout ratio is 19.56%.
Wall Street Analyst Weigh In
Several analysts have recently commented on TRV shares. BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. 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. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $260.00.
Read Our Latest Research Report on Travelers Companies
Travelers Companies Company 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.
See Also
Before you consider Travelers Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.
While Travelers Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
