The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by SlateStone Wealth LLC

SlateStone Wealth LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,519 shares of the insurance provider’s stock after purchasing an additional 157 shares during the period. SlateStone Wealth LLC’s holdings in Travelers Companies were worth $1,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TRV. Curi RMB Capital LLC purchased a new position in Travelers Companies during the 3rd quarter worth approximately $460,000. CIBC Asset Management Inc grew its stake in Travelers Companies by 7.9% during the 3rd quarter. CIBC Asset Management Inc now owns 33,337 shares of the insurance provider’s stock worth $7,805,000 after buying an additional 2,455 shares during the last quarter. Empowered Funds LLC grew its stake in Travelers Companies by 167.4% during the 3rd quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock worth $2,403,000 after buying an additional 6,426 shares during the last quarter. Coastline Trust Co purchased a new position in Travelers Companies during the 3rd quarter worth approximately $67,000. Finally, Mizuho Securities USA LLC grew its stake in Travelers Companies by 40.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 24,770 shares of the insurance provider’s stock worth $5,799,000 after buying an additional 7,112 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TRV shares. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

Shares of TRV stock opened at $261.26 on Monday. The stock has a fifty day moving average price of $246.26 and a 200 day moving average price of $246.03. The stock has a market cap of $59.23 billion, a PE ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. 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 data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.01 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) 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.