The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,386 shares of the insurance provider’s stock after purchasing an additional 347 shares during the quarter. Natixis Advisors LLC’s holdings in Travelers Companies were worth $23,700,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc boosted its position in Travelers Companies by 7.9% in the 3rd quarter. CIBC Asset Management Inc now owns 33,337 shares of the insurance provider’s stock valued at $7,805,000 after buying an additional 2,455 shares during the period. Empowered Funds LLC boosted its holdings in Travelers Companies by 167.4% in the third quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock valued at $2,403,000 after purchasing an additional 6,426 shares during the period. Thrivent Financial for Lutherans grew its stake in Travelers Companies by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after purchasing an additional 1,360 shares in the last quarter. Swiss National Bank increased its holdings in Travelers Companies by 0.3% during the 3rd quarter. Swiss National Bank now owns 679,700 shares of the insurance provider’s stock worth $159,131,000 after purchasing an additional 1,700 shares during the period. Finally, Aljian Capital Management LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at about $818,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded shares of 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 report on Wednesday, February 19th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $265.28 on Tuesday. The stock has a fifty day moving average price of $246.73 and a 200 day moving average price of $246.31. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. 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 cap of $60.15 billion, a PE ratio of 12.36, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the business earned $7.01 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Travelers Companies 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.