Sequoia Financial Advisors LLC Boosts Position in The Travelers Companies, Inc. (NYSE:TRV)

Sequoia Financial Advisors LLC grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,787 shares of the insurance provider's stock after acquiring an additional 1,446 shares during the period. Sequoia Financial Advisors LLC's holdings in Travelers Companies were worth $2,839,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after acquiring an additional 120,228 shares in the last quarter. FMR LLC lifted its position in shares of Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $1,187,865,000 after acquiring an additional 114,714 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $366,820,000 after acquiring an additional 26,117 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of Travelers Companies by 4.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock worth $286,475,000 after acquiring an additional 51,589 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Travelers Companies Trading Up 0.4 %

TRV stock traded up $1.00 during midday trading on Wednesday, hitting $261.50. The company had a trading volume of 1,601,937 shares, compared to its average volume of 1,174,691. 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 Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock's 50 day moving average price is $247.11 and its 200 day moving average price is $246.54. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60.

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 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 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 previous year, the company posted $7.01 earnings per share. The business's revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.61%. Travelers Companies's payout ratio is currently 19.56%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Barclays upped their price target 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $268.00 price target (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 assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $261.05.

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.