Concurrent Investment Advisors LLC Has $868,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Concurrent Investment Advisors LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,602 shares of the insurance provider’s stock after purchasing an additional 77 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Travelers Companies were worth $868,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. YANKCOM Partnership bought a new position in Travelers Companies in the fourth quarter valued at approximately $27,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $41,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the 4th quarter worth $44,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the third quarter worth $50,000. Finally, Versant Capital Management Inc grew its position in shares of Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Piper Sandler upgraded 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. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Finally, Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Performance

TRV opened at $239.90 on Monday. 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 company has a market capitalization of $54.39 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The business has a fifty day simple moving average of $242.04 and a 200 day simple moving average of $241.97. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results 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 net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the firm earned $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current 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 paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.