Smartleaf Asset Management LLC Has $518,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Smartleaf Asset Management LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 25.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,159 shares of the insurance provider’s stock after acquiring an additional 442 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Travelers Companies were worth $518,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC grew its position in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC grew its position in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. grew its position in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after purchasing an additional 44 shares during the period. Somerset Trust Co grew its position in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after purchasing an additional 45 shares during the period. Finally, Brooklyn Investment Group grew its position in shares of Travelers Companies by 3.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 46 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.9 %

TRV stock opened at $260.77 on Tuesday. 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 firm has a market capitalization of $59.12 billion, a PE ratio of 12.15, a PEG ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The business’s 50 day simple moving average is $243.60 and its 200 day simple moving average is $243.72.

Travelers Companies (NYSE:TRV) last posted its 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 business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.01 EPS. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Wells Fargo & Company boosted their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, 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. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $261.05.

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.