SGL Investment Advisors Inc. Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

SGL Investment Advisors Inc. lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,889 shares of the insurance provider’s stock after purchasing an additional 430 shares during the period. Travelers Companies comprises 2.5% of SGL Investment Advisors Inc.’s portfolio, making the stock its 15th largest holding. SGL Investment Advisors Inc.’s holdings in Travelers Companies were worth $4,786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the fourth quarter worth $27,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the fourth quarter valued at $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies during the fourth quarter valued at $37,000. Asset Planning Inc purchased a new position in Travelers Companies during the fourth quarter valued at $44,000. Finally, Quarry LP grew its stake in Travelers Companies by 400.0% during the fourth quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 152 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TRV. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Evercore ISI raised their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research note on Thursday, April 17th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Finally, BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Up 3.3%

Shares of NYSE TRV opened at $271.19 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market cap of $61.44 billion, a P/E ratio of 12.63, a PEG ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $273.50. The firm has a 50-day simple moving average of $258.28 and a two-hundred day simple moving average of $251.92.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter last year, the business posted $4.69 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is presently 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.