LPL Financial LLC Acquires 1,455 Shares of The Travelers Companies, Inc. (NYSE:TRV)

LPL Financial LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 197,793 shares of the insurance provider’s stock after acquiring an additional 1,455 shares during the period. LPL Financial LLC owned approximately 0.09% of Travelers Companies worth $47,646,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new position in Travelers Companies in the 4th quarter valued at $138,619,000. Proficio Capital Partners LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at $96,012,000. Bryn Mawr Capital Management LLC boosted its holdings in Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after acquiring an additional 236,686 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Travelers Companies in the third quarter worth about $54,988,000. Finally, Janus Henderson Group PLC raised its holdings in Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock worth $79,582,000 after purchasing an additional 232,428 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.2 %

Shares of NYSE:TRV opened at $262.91 on Friday. The firm has a market cap of $59.61 billion, a price-to-earnings ratio of 12.25, a PEG 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 12 month low of $200.21 and a 12 month high of $269.56. The company’s fifty day simple moving average is $250.11 and its 200 day simple moving average is $247.75.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.60%. Travelers Companies’s payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TRV shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price 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.