4,989 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Yoffe Investment Management LLC

Yoffe Investment Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,989 shares of the insurance provider's stock, valued at approximately $1,202,000. Travelers Companies comprises about 1.2% of Yoffe Investment Management LLC's holdings, making the stock its 17th biggest holding.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after buying an additional 117,108 shares during the period. State Street Corp increased its holdings in shares of Travelers Companies by 0.8% in the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the period. Geode Capital Management LLC boosted its stake in Travelers Companies by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after purchasing an additional 182,270 shares during the period. Norges Bank purchased a new position in Travelers Companies during the 4th quarter worth $560,918,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after purchasing an additional 26,117 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

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Travelers Companies Price Performance

Shares of TRV traded down $4.25 during mid-day trading on Wednesday, reaching $232.28. 601,543 shares of the company's stock were exchanged, compared to its average volume of 1,291,907. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a market cap of $52.67 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 4.65 and a beta of 0.48. The company has a 50-day simple moving average of $251.51 and a two-hundred day simple moving average of $248.67. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $10.80 billion. During the same quarter last year, the business posted $7.01 EPS. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. 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 1.81%. Travelers Companies's dividend payout ratio (DPR) is currently 19.56%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their price target on 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 Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $262.05.

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.