Vident Advisory LLC Has $1.40 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Vident Advisory LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,797 shares of the insurance provider’s stock after acquiring an additional 791 shares during the period. Vident Advisory LLC’s holdings in Travelers Companies were worth $1,397,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC raised its position in Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Quent Capital LLC grew its stake in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares during the period. Lake Street Advisors Group LLC raised its holdings in shares of Travelers Companies by 2.0% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after buying an additional 46 shares in the last quarter. Tectonic Advisors LLC raised its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Tectonic Advisors LLC now owns 8,752 shares of the insurance provider’s stock worth $2,108,000 after buying an additional 47 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock worth $173,000 after buying an additional 47 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.1%

Shares of TRV opened at $270.84 on Friday. The business’s fifty day moving average price is $259.76 and its two-hundred day moving average price is $252.82. The firm has a market capitalization of $61.36 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $275.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $4.69 earnings per share. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. Travelers Companies’s dividend payout ratio is presently 23.95%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. UBS Group reduced their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday, April 17th. Finally, Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $270.42.

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.