Fayez Sarofim & Co Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Fayez Sarofim & Co acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,688 shares of the insurance provider’s stock, valued at approximately $1,852,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. Pinnacle Wealth Management Advisory Group LLC lifted its stake in Travelers Companies by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after buying an additional 41 shares in the last quarter. Quent Capital LLC boosted its stake in Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. raised its stake in Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares during the period. Somerset Trust Co lifted its holdings in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC grew its holdings in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after buying an additional 46 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on TRV shares. Jefferies Financial Group lifted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company lifted their price target on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Down 2.3 %

TRV stock opened at $249.90 on Tuesday. 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 company has a 50-day moving average of $252.61 and a two-hundred day moving average of $249.67. The stock has a market capitalization of $56.66 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. 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, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the firm posted $4.69 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.76%. Travelers Companies’s dividend payout ratio is 23.95%.

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.