Stifel Financial Corp Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Stifel Financial Corp increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,054 shares of the insurance provider’s stock after purchasing an additional 2,521 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Travelers Companies worth $42,169,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter valued at about $27,000. Generali Investments Management Co LLC bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $44,000. Providence First Trust Co acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $55,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent analyst reports. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Barclays lowered their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 11th. UBS Group cut their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Down 0.8 %

Shares of TRV opened at $259.26 on Thursday. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 12.08, a PEG 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. The stock’s 50-day moving average price is $253.40 and its 200-day moving average price is $249.82. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the firm posted $4.69 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is currently 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.