The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Pitcairn Co.

Pitcairn Co. grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,863 shares of the insurance provider’s stock after acquiring an additional 158 shares during the period. Pitcairn Co.’s holdings in Travelers Companies were worth $931,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. YANKCOM Partnership acquired a new stake in Travelers Companies during the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $37,000. Asset Planning Inc bought a new stake in shares of Travelers Companies in the fourth quarter worth $44,000. Providence First Trust Co acquired a new stake in Travelers Companies in the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. bought a new position in Travelers Companies during the 4th quarter valued at $55,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 7.8 %

Travelers Companies stock opened at $242.64 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market cap of $55.01 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48. The company’s 50-day moving average price is $252.38 and its two-hundred day moving average price is $248.69. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $7.01 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. BMO Capital Markets upped their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays raised 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. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $260.00.

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.