The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Simmons Bank

Simmons Bank grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,465 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Simmons Bank’s holdings in Travelers Companies were worth $353,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pallas Capital Advisors LLC bought a new position in Travelers Companies during the 3rd quarter worth $366,000. Valmark Advisers Inc. acquired a new position in shares of Travelers Companies during the third quarter worth approximately $209,000. Fidelis Capital Partners LLC bought a new stake in Travelers Companies during the 3rd quarter valued at $259,000. Lodestar Private Asset Management LLC acquired a new position in Travelers Companies during the 3rd quarter worth $206,000. Finally, S.A. Mason LLC acquired a new position in shares of Travelers Companies during the third quarter valued at $109,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on TRV. Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. BMO Capital Markets lifted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

NYSE TRV opened at $255.03 on Friday. The stock has a market capitalization of $57.82 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The company has a 50 day moving average price of $242.85 and a two-hundred day moving average price of $242.64. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $7.01 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.65%. Travelers Companies’s dividend payout ratio is presently 19.56%.

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.