Sequoia Financial Advisors LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Sequoia Financial Advisors LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,787 shares of the insurance provider’s stock after buying an additional 1,446 shares during the period. Sequoia Financial Advisors LLC’s holdings in Travelers Companies were worth $2,839,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in Travelers Companies in the 4th quarter worth about $27,000. True Wealth Design LLC purchased a new position in Travelers Companies in the 3rd quarter worth about $41,000. Asset Planning Inc purchased a new position in Travelers Companies in the 4th quarter worth about $44,000. Providence First Trust Co purchased a new position in Travelers Companies in the 4th quarter worth about $48,000. Finally, Versant Capital Management Inc increased its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after buying an additional 215 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 2.1 %

TRV stock opened at $261.26 on Friday. The firm has a 50 day moving average of $246.26 and a 200 day moving average of $245.73. The stock has a market capitalization of $59.23 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent research reports. Janney Montgomery Scott cut 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. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $261.05.

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.