New Age Alpha Advisors LLC Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

New Age Alpha Advisors LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,869 shares of the insurance provider’s stock, valued at approximately $4,064,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. State Street Corp raised its stake in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after buying an additional 120,228 shares during the period. Geode Capital Management LLC lifted its position in shares of Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after buying an additional 114,714 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies during the 4th quarter worth approximately $560,918,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock worth $366,820,000 after acquiring an additional 26,117 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several research reports. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $260.00.

Travelers Companies Trading Down 0.3 %

Shares of TRV opened at $261.86 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The firm has a market cap of $59.37 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 4.65 and a beta of 0.60. The business’s fifty day moving average is $250.56 and its 200-day moving average is $247.89.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 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 the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies’s dividend payout ratio is currently 19.56%.

About Travelers Companies

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.