Aigen Investment Management LP Acquires Shares of 2,081 The Travelers Companies, Inc. (NYSE:TRV)

Aigen Investment Management LP acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,081 shares of the insurance provider’s stock, valued at approximately $501,000.

Several other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $399,000. SPC Financial Inc. boosted its position in shares of Travelers Companies by 8.8% in the 4th quarter. SPC Financial Inc. now owns 1,340 shares of the insurance provider’s stock worth $323,000 after purchasing an additional 108 shares in the last quarter. Assetmark Inc. boosted its position in shares of Travelers Companies by 9.2% in the 4th quarter. Assetmark Inc. now owns 2,972 shares of the insurance provider’s stock worth $716,000 after purchasing an additional 251 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Travelers Companies by 8.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 33,255 shares of the insurance provider’s stock worth $8,011,000 after purchasing an additional 2,634 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in shares of Travelers Companies by 4.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider’s stock worth $286,475,000 after purchasing an additional 51,589 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of TRV opened at $258.09 on Friday. The firm has a market cap of $58.51 billion, a PE ratio of 12.02, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $244.74 and a two-hundred day simple moving average of $244.45. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 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 analyst estimates 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 prior year, the business posted $7.01 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analyst Ratings Changes

A number of brokerages have recently commented on TRV. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

About Travelers Companies

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.