Axxcess Wealth Management LLC Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Axxcess Wealth Management LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.6% in the 4th quarter, HoldingsChannel reports. The firm owned 6,223 shares of the insurance provider’s stock after acquiring an additional 886 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Travelers Companies were worth $1,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after purchasing an additional 120,228 shares during the last quarter. FMR LLC raised its holdings in shares of Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC increased its holdings in Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after buying an additional 114,714 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock valued at $366,820,000 after buying an additional 26,117 shares in the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in Travelers Companies by 4.5% in the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider’s stock valued at $286,475,000 after buying an additional 51,589 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.4 %

Shares of TRV stock opened at $261.50 on Thursday. The company’s 50-day moving average price is $247.48 and its 200-day moving average price is $246.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.61%. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TRV shares. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed 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. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock 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.