GWN Securities Inc. Takes $230,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

GWN Securities Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 949 shares of the insurance provider’s stock, valued at approximately $230,000.

A number of other hedge funds have also modified their holdings of TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $27,000. True Wealth Design LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at about $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $48,000. Finally, Versant Capital Management Inc grew its holdings in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.7 %

Shares of Travelers Companies stock opened at $265.28 on Tuesday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a 50 day moving average of $246.73 and a 200 day moving average of $246.31. 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 company has a market capitalization of $60.15 billion, a P/E ratio of 12.36, a P/E/G ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Piper Sandler raised shares of 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 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 target price for the company in a research note on Wednesday, January 8th. Finally, Barclays increased their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $261.05.

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.