Peapack Gladstone Financial Corp Sells 538 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Peapack Gladstone Financial Corp decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,002 shares of the insurance provider’s stock after selling 538 shares during the period. Peapack Gladstone Financial Corp’s holdings in Travelers Companies were worth $6,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of Travelers Companies by 0.8% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,544 shares of the insurance provider’s stock worth $1,532,000 after acquiring an additional 52 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Travelers Companies by 34.9% in the third quarter. Quantinno Capital Management LP now owns 13,232 shares of the insurance provider’s stock worth $3,098,000 after purchasing an additional 3,422 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Travelers Companies by 2.7% during the third quarter. Stifel Financial Corp now owns 172,533 shares of the insurance provider’s stock valued at $40,394,000 after buying an additional 4,583 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of Travelers Companies by 57.0% in the 3rd quarter. Two Sigma Advisers LP now owns 82,100 shares of the insurance provider’s stock valued at $19,221,000 after buying an additional 29,800 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Travelers Companies in the 3rd quarter worth approximately $1,971,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TRV. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Barclays upped their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Stock Performance

NYSE TRV opened at $242.64 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50-day simple moving average of $252.38 and a two-hundred day simple moving average of $248.80. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The firm has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating 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 company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the company earned $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.