Ashton Thomas Securities LLC Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Ashton Thomas Securities LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 27.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 849 shares of the insurance provider’s stock after purchasing an additional 181 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Travelers Companies were worth $205,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Prudential Financial Inc. increased its position in shares of Travelers Companies by 73.2% during the fourth quarter. Prudential Financial Inc. now owns 269,995 shares of the insurance provider’s stock valued at $65,039,000 after acquiring an additional 114,095 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Travelers Companies during the 4th quarter worth $789,000. LPL Financial LLC boosted its holdings in shares of Travelers Companies by 0.7% in the 4th quarter. LPL Financial LLC now owns 197,793 shares of the insurance provider’s stock worth $47,646,000 after buying an additional 1,455 shares during the last quarter. Finally, Guardian Partners Inc. bought a new position in Travelers Companies during the fourth quarter valued at about $1,107,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 0.0 %

TRV opened at $259.50 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 stock has a market cap of $58.84 billion, a PE ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60. The business’s fifty day simple moving average is $249.27 and its 200 day simple moving average is $247.54. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm 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%. The business’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm posted $7.01 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays boosted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. 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. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Company 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.