The Travelers Companies, Inc. (NYSE:TRV) Stake Boosted by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 465.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,032 shares of the insurance provider’s stock after purchasing an additional 54,355 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Travelers Companies were worth $15,906,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TRV. YANKCOM Partnership purchased a new position in Travelers Companies in the 4th quarter worth about $27,000. True Wealth Design LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $41,000. Asset Planning Inc purchased a new position in Travelers Companies during the 4th quarter valued at about $44,000. Catalyst Capital Advisors LLC purchased a new position in Travelers Companies during the 3rd quarter valued at about $50,000. Finally, Versant Capital Management Inc grew its stake in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Up 1.7 %

TRV opened at $252.35 on Wednesday. The business has a 50 day moving average price of $242.25 and a 200 day moving average price of $242.51. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $57.21 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company earned $7.01 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.66%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.