Taika Capital LP Invests $2.35 Million in The Travelers Companies, Inc. (NYSE:TRV)

Taika Capital LP bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,738 shares of the insurance provider's stock, valued at approximately $2,346,000. Travelers Companies accounts for 1.8% of Taika Capital LP's holdings, making the stock its 24th largest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its stake in Travelers Companies by 12.6% in 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. Raymond James Financial Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at $138,619,000. Proficio Capital Partners LLC bought a new stake in Travelers Companies during the 4th quarter valued at $96,012,000. Bank of Montreal Can increased its stake in Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after purchasing an additional 282,884 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC lifted its stake in shares of Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock valued at $57,394,000 after buying an additional 236,686 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $0.89 during trading hours on Monday, reaching $256.81. The company had a trading volume of 1,350,001 shares, compared to its average volume of 1,171,863. The business has a fifty day simple moving average of $245.08 and a 200 day simple moving average of $245.11. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The firm has a market cap of $58.22 billion, a PE ratio of 11.96, 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 current ratio of 0.33 and a quick ratio of 0.33.

Remove Ads

Travelers Companies (NYSE:TRV - Get Free Report) last posted its 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 analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies's revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.01 EPS. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. Travelers Companies's dividend payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets increased their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. 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 stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $261.05.

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.