Schroder Investment Management Group Purchases 70,721 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Schroder Investment Management Group lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 214.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 103,660 shares of the insurance provider’s stock after acquiring an additional 70,721 shares during the period. Schroder Investment Management Group’s holdings in Travelers Companies were worth $24,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership lifted its holdings in Travelers Companies by 9.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 945,770 shares of the insurance provider’s stock valued at $227,827,000 after purchasing an additional 82,743 shares during the last quarter. Allianz SE purchased a new stake in shares of Travelers Companies in the fourth quarter worth $209,000. Michael A. Dubis Financial Planning LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $535,000. Allstate Corp bought a new stake in Travelers Companies during the fourth quarter valued at approximately $1,682,000. Finally, Brown Brothers Harriman & Co. increased its holdings in shares of Travelers Companies by 32.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 744 shares of the insurance provider’s stock worth $179,000 after buying an additional 183 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on TRV shares. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Price Performance

NYSE TRV opened at $264.58 on Thursday. The stock’s fifty day moving average price is $251.92 and its 200 day moving average price is $248.59. 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 $59.99 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV) last posted 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. 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 for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s payout ratio is 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.