Edge Capital Group LLC Invests $208,000 in The Travelers Companies, Inc. (NYSE:TRV)

Edge Capital Group LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 863 shares of the insurance provider’s stock, valued at approximately $208,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Travelers Companies by 36.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after buying an additional 4,474 shares during the last quarter. Mount Yale Investment Advisors LLC increased its position in shares of Travelers Companies by 8.9% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock valued at $404,000 after acquiring an additional 141 shares during the period. Highland Capital Management LLC purchased a new position in Travelers Companies in the 3rd quarter worth $214,000. Allworth Financial LP lifted its position in Travelers Companies by 17.3% during the 3rd quarter. Allworth Financial LP now owns 4,387 shares of the insurance provider’s stock worth $1,027,000 after acquiring an additional 648 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Travelers Companies by 3.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,751 shares of the insurance provider’s stock worth $7,497,000 after acquiring an additional 970 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 3.4 %

Shares of TRV stock opened at $248.29 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a market cap of $56.29 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 4.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50 day simple moving average of $242.08 and a 200-day simple moving average of $242.23.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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 during 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 firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $7.01 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS 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. Investors 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 1.69%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Piper Sandler upgraded 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 research note on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $261.05.

About Travelers Companies

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.