65,000 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Nearwater Capital Markets Ltd

Nearwater Capital Markets Ltd acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 65,000 shares of the insurance provider’s stock, valued at approximately $15,658,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NorthRock Partners LLC purchased a new position in Travelers Companies in the 4th quarter worth about $767,000. Obermeyer Wealth Partners lifted its position in shares of Travelers Companies by 32.9% in the 4th quarter. Obermeyer Wealth Partners now owns 1,346 shares of the insurance provider’s stock worth $324,000 after acquiring an additional 333 shares during the period. Minot DeBlois Advisors LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $839,000. NDVR Inc. boosted its holdings in shares of Travelers Companies by 6.1% in the 4th quarter. NDVR Inc. now owns 1,301 shares of the insurance provider’s stock worth $313,000 after acquiring an additional 75 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Travelers Companies by 52.2% in the fourth quarter. Lazard Asset Management LLC now owns 4,760 shares of the insurance provider’s stock valued at $1,146,000 after purchasing an additional 1,632 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays decreased their price objective on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $267.32.

Travelers Companies Stock Down 1.2%

TRV stock opened at $264.79 on Wednesday. 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 $273.08. The company has a 50 day moving average of $257.88 and a two-hundred day moving average of $251.71. The company has a market cap of $59.99 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter in the previous year, the company posted $4.69 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, June 10th. 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.