1 week Ago By ABMN Staff
Wellington Management Group LLP raised its position in The Travelers Companies, Inc. ( NYSE:TRV – Free Report ) by 15.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 17,929 shares of the insurance provider’s stock after buying an additional 2,456 shares during the quarter. Wellington Management Group LLP’s holdings in Travelers Companies were worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also modified their holdings of the company.
O Shaughnessy Asset Management LLC boosted its stake in shares of Travelers Companies by 9.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 110,965 shares of the insurance provider’s stock worth $26,730,000 after buying an additional 9,729 shares during the period.
Schroder Investment Management Group lifted its position in Travelers Companies by 214.7% during the 4th quarter. Schroder Investment Management Group now owns 103,660 shares of the insurance provider’s stock worth $24,865,000 after acquiring an additional 70,721 shares during the period.
Arrowstreet Capital Limited Partnership lifted its position in Travelers Companies by 9.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 945,770 shares of the insurance provider’s stock worth $227,827,000 after acquiring an additional 82,743 shares during the period.
Allianz SE purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $209,000. Finally, Michael A. Dubis Financial Planning LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $535,000.
82.45% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several equities research analysts recently weighed in on the company.
Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th.
StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays dropped their price target on shares of Travelers Companies from $287.
00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday. UBS Group reduced their price objective on shares of Travelers Companies from $270.
00 to $267.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co.
boosted their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday.
Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $263.37.
Travelers Companies Stock Down 0.1 % Shares of NYSE TRV opened at $244.96 on Friday.
The firm’s 50-day moving average is $251.59 and its two-hundred day moving average is $248.84.
The company has a market capitalization of $55.54 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 4.
65 and a beta of 0.48. The Travelers Companies, Inc.
has a 12-month low of $200.21 and a 12-month high of $269.56.
The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.
33. Travelers Companies ( NYSE:TRV – Get Free Report ) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.
15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65.
The firm 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%.
Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.
01 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.
02 EPS for the current fiscal year. Travelers Companies Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.
05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.
71%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.
56%. Travelers Companies Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. ( NYSE:TRV – Free Report ).
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