Transatlantique Private Wealth LLC Acquires 262 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Transatlantique Private Wealth LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,109 shares of the insurance provider’s stock after purchasing an additional 262 shares during the period. Transatlantique Private Wealth LLC’s holdings in Travelers Companies were worth $749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Transce3nd LLC acquired a new position in Travelers Companies in the 4th quarter valued at $77,000. MML Investors Services LLC increased its position in shares of Travelers Companies by 6.2% in the fourth quarter. MML Investors Services LLC now owns 21,849 shares of the insurance provider’s stock worth $5,263,000 after purchasing an additional 1,284 shares during the period. MetLife Investment Management LLC raised its stake in Travelers Companies by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 60,114 shares of the insurance provider’s stock valued at $14,481,000 after purchasing an additional 838 shares in the last quarter. Natixis lifted its position in Travelers Companies by 67.8% during the fourth quarter. Natixis now owns 55,404 shares of the insurance provider’s stock worth $13,346,000 after purchasing an additional 22,382 shares during the period. Finally, Ossiam grew its stake in Travelers Companies by 1,298.4% during the fourth quarter. Ossiam now owns 111,734 shares of the insurance provider’s stock worth $26,916,000 after buying an additional 103,744 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.4 %

Shares of NYSE:TRV opened at $256.05 on Friday. 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 current ratio of 0.33 and a quick ratio of 0.33. The business’s 50-day moving average is $252.42 and its 200-day moving average is $249.46. The company has a market capitalization of $58.05 billion, a price-to-earnings ratio of 11.93, 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, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period in the prior year, the business earned $4.69 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

Analysts Set New Price Targets

Several brokerages have recently commented on TRV. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. JPMorgan Chase & Co. raised their target price on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $267.32.

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.