Leigh Baldwin & CO. LLC Takes $5.94 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Leigh Baldwin & CO. LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel reports. The fund acquired 246,634 shares of the insurance provider’s stock, valued at approximately $5,941,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. Principal Financial Group Inc. boosted its position in Travelers Companies by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider’s stock valued at $65,896,000 after buying an additional 9,660 shares during the period. ORG Partners LLC increased its stake in shares of Travelers Companies by 119.8% during the fourth quarter. ORG Partners LLC now owns 842 shares of the insurance provider’s stock valued at $203,000 after buying an additional 459 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Travelers Companies by 1.1% in the fourth quarter. Harbor Capital Advisors Inc. now owns 5,428 shares of the insurance provider’s stock valued at $1,308,000 after acquiring an additional 60 shares in the last quarter. Czech National Bank lifted its position in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the period. Finally, Aprio Wealth Management LLC raised its stake in Travelers Companies by 10.4% in the fourth quarter. Aprio Wealth Management LLC now owns 1,075 shares of the insurance provider’s stock worth $259,000 after buying an additional 101 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Barclays lowered their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. UBS Group decreased their price target 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, April 9th. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $267.32.

Travelers Companies Price Performance

Shares of TRV stock opened at $269.65 on Monday. The company has a market capitalization of $61.09 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $273.08. 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 fifty day simple moving average of $257.51 and a 200-day simple moving average of $251.50.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the company posted $4.69 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is 23.95%.

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.