OneAscent Financial Services LLC Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

OneAscent Financial Services LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,024 shares of the insurance provider’s stock, valued at approximately $247,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank acquired a new position in Travelers Companies during the 4th quarter worth approximately $560,918,000. Raymond James Financial Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter worth $138,619,000. Proficio Capital Partners LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth $96,012,000. Bryn Mawr Capital Management LLC increased 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 buying an additional 236,686 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Travelers Companies by 148.0% during the 4th quarter. Teacher Retirement System of Texas now owns 334,053 shares of the insurance provider’s stock worth $80,470,000 after buying an additional 199,340 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company increased their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Price Performance

Shares of TRV opened at $242.64 on Friday. 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 stock’s 50 day moving average is $252.38 and its two-hundred day moving average is $248.69. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The firm has a market capitalization of $55.01 billion, a PE ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for 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 company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business earned $7.01 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies’s dividend payout ratio is presently 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.