Schnieders Capital Management LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Schnieders Capital Management LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,410 shares of the insurance provider’s stock, valued at approximately $340,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Elevate Capital Advisors LLC bought a new stake in Travelers Companies in the 4th quarter valued at $4,627,000. Franklin Resources Inc. increased its holdings in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after acquiring an additional 4,665 shares during the last quarter. Czech National Bank increased its holdings in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after acquiring an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the 3rd quarter valued at $50,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. 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 report on Friday, January 24th. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Finally, StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Price Performance

Travelers Companies stock opened at $248.61 on Thursday. The stock has a market cap of $56.37 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The firm has a 50-day moving average of $242.50 and a two-hundred day moving average of $242.55.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating 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%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.01 EPS. On average, 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.69%. Travelers Companies’s dividend payout ratio (DPR) is 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.