Vestmark Advisory Solutions Inc. Buys 604 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Vestmark Advisory Solutions Inc. grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,385 shares of the insurance provider’s stock after acquiring an additional 604 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Travelers Companies were worth $2,261,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TRV. YANKCOM Partnership purchased a new stake in Travelers Companies during the 4th quarter valued at about $27,000. True Wealth Design LLC bought a new position in shares of Travelers Companies in the third quarter worth approximately $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $48,000. Finally, Versant Capital Management Inc raised its holdings in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four equities 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 assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Up 0.8 %

Shares of TRV stock opened at $258.09 on Friday. 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 Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The company’s fifty day moving average price is $244.74 and its 200-day moving average price is $244.45. The company has a market capitalization of $58.51 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the business posted $7.01 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 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.