The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,577 shares of the insurance provider's stock after purchasing an additional 2,710 shares during the period. NewEdge Advisors LLC's holdings in Travelers Companies were worth $7,607,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter valued at $560,918,000. Raymond James Financial Inc. purchased a new position in Travelers Companies in the fourth quarter valued at about $138,619,000. Proficio Capital Partners LLC bought a new position in Travelers Companies in the fourth quarter worth about $96,012,000. Bryn Mawr Capital Management LLC lifted its position in shares of Travelers Companies by 15,056.4% during 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 during the last quarter. Finally, FMR LLC boosted its holdings in shares of Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after buying an additional 229,160 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

TRV traded up $0.79 on Thursday, reaching $259.87. 452,445 shares of the company's stock were exchanged, compared to its average volume of 1,289,278. The stock has a market cap of $58.88 billion, a PE ratio of 12.12, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The stock's fifty day moving average price is $253.40 and its 200-day moving average price is $249.82.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter last year, the firm earned $4.69 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.69%. Travelers Companies's payout ratio is presently 23.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Evercore ISI increased their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $267.32.

About Travelers Companies

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.