The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Choate Investment Advisors

Choate Investment Advisors lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,890 shares of the insurance provider’s stock after acquiring an additional 177 shares during the quarter. Choate Investment Advisors’ holdings in Travelers Companies were worth $1,901,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Wells Fargo & Company upped their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets increased their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Stock Performance

NYSE:TRV opened at $261.26 on Monday. 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 cap of $59.23 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The firm’s 50 day moving average is $246.26 and its two-hundred day moving average is $246.03.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 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.