Vinva Investment Management Ltd grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 43.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,260 shares of the insurance provider's stock after purchasing an additional 5,573 shares during the period. Vinva Investment Management Ltd's holdings in Travelers Companies were worth $4,380,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Stokes Family Office LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $224,000. VSM Wealth Advisory LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $80,000. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Travelers Companies by 32.5% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,175 shares of the insurance provider's stock valued at $524,000 after purchasing an additional 534 shares during the last quarter. Enhancing Capital LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $289,000. Finally, Generali Asset Management SPA SGR bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $3,304,000. 82.45% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
TRV has been the topic of several analyst reports. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $260.00.
Check Out Our Latest Report on Travelers Companies
Travelers Companies Stock Up 1.2 %
NYSE:TRV traded up $3.00 on Monday, hitting $259.70. 1,240,000 shares of the company's stock traded hands, compared to its average volume of 1,183,365. The firm has a 50-day moving average price of $248.29 and a 200-day moving average price of $247.17. 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 company has a market cap of $58.88 billion, a PE ratio of 12.10, a price-to-earnings-growth 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 $269.56.
Travelers Companies (NYSE:TRV - Get Free Report) last released 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 net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the business earned $7.01 EPS. The company's revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The company 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 1.62%. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.
About Travelers Companies
(
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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