Kovitz Investment Group Partners LLC purchased a new position in shares of Travelers Companies Inc (NYSE:TRV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,529 shares of the insurance provider’s stock, valued at approximately $210,000.
Other institutional investors also recently added to or reduced their stakes in the company. Korea Investment CORP increased its stake in Travelers Companies by 6.5% during the 4th quarter. Korea Investment CORP now owns 186,145 shares of the insurance provider’s stock worth $25,493,000 after buying an additional 11,400 shares during the period. PFG Advisors purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $284,000. Allworth Financial LP increased its position in shares of Travelers Companies by 14.7% during the fourth quarter. Allworth Financial LP now owns 1,033 shares of the insurance provider’s stock worth $142,000 after acquiring an additional 132 shares during the last quarter. Greatmark Investment Partners Inc. lifted its stake in shares of Travelers Companies by 8.0% in the fourth quarter. Greatmark Investment Partners Inc. now owns 8,270 shares of the insurance provider’s stock worth $1,133,000 after acquiring an additional 610 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Travelers Companies by 3.0% in the fourth quarter. Russell Investments Group Ltd. now owns 336,421 shares of the insurance provider’s stock worth $46,005,000 after acquiring an additional 9,881 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.
TRV has been the subject of a number of recent analyst reports. Wells Fargo & Co lowered their price objective on Travelers Companies from $136.00 to $130.00 and set an “underweight” rating for the company in a research note on Friday, January 24th. Piper Sandler cut their target price on Travelers Companies from $140.00 to $125.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 11th. Atlantic Securities upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and set a $125.00 target price for the company in a research note on Tuesday. Keefe, Bruyette & Woods downgraded shares of Travelers Companies from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $144.00 to $125.00 in a research report on Friday, January 10th. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $133.00 price target for the company in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Travelers Companies currently has an average rating of “Hold” and a consensus target price of $141.56.
In other Travelers Companies news, Director Philip T. Ruegger III bought 670 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $118.54 per share, with a total value of $79,421.80. Following the completion of the acquisition, the director now owns 33,881 shares of the company’s stock, valued at $4,016,253.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is owned by insiders.
Shares of TRV opened at $92.18 on Thursday. The firm has a market cap of $23.91 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 1.07 and a beta of 0.92. The stock has a 50 day moving average of $121.22 and a 200-day moving average of $133.99. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.25. Travelers Companies Inc has a 52 week low of $76.99 and a 52 week high of $155.09.
Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, January 23rd. The insurance provider reported $3.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.09. Travelers Companies had a return on equity of 10.03% and a net margin of 8.30%. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.26 billion. During the same period in the prior year, the company posted $2.13 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Travelers Companies Inc will post 10.28 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.82 per share. The ex-dividend date is Monday, March 9th. This represents a $3.28 annualized dividend and a yield of 3.56%. Travelers Companies’s payout ratio is 34.17%.
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.
Featured Article: Which market index is the best?
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.