237,549 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Junto Capital Management LP

Junto Capital Management LP purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 237,549 shares of the insurance provider’s stock, valued at approximately $57,223,000. Junto Capital Management LP owned 0.10% of Travelers Companies at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in shares of Travelers Companies by 3.6% during the third quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider’s stock worth $65,896,000 after purchasing an additional 9,660 shares in the last quarter. ORG Partners LLC lifted its holdings in Travelers Companies by 119.8% in 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. ST Germain D J Co. Inc. boosted its stake in Travelers Companies by 20.0% in the fourth quarter. ST Germain D J Co. Inc. now owns 1,393 shares of the insurance provider’s stock valued at $336,000 after acquiring an additional 232 shares during the last quarter. ORG Wealth Partners LLC raised its position in shares of Travelers Companies by 16.4% during the 4th quarter. ORG Wealth Partners LLC now owns 340 shares of the insurance provider’s stock valued at $82,000 after acquiring an additional 48 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Travelers Companies by 1.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,428 shares of the insurance provider’s stock valued at $1,308,000 after purchasing an additional 60 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV stock opened at $269.65 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 company has a market capitalization of $61.09 billion, a price-to-earnings 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 one year low of $200.21 and a one year high of $273.08. The company’s 50-day moving average is $257.51 and its 200 day moving average is $251.53.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the business posted $4.69 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. Travelers Companies’s payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. BMO Capital Markets lifted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, UBS Group reduced their target price on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $267.32.

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.