4,989 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Yoffe Investment Management LLC

Yoffe Investment Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,989 shares of the insurance provider’s stock, valued at approximately $1,202,000. Travelers Companies accounts for 1.2% of Yoffe Investment Management LLC’s investment portfolio, making the stock its 17th biggest position.

A number of other large investors have also recently added to or reduced their stakes in the company. Elevate Capital Advisors LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth $4,627,000. Erste Asset Management GmbH lifted its position in Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after buying an additional 100 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after buying an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after acquiring an additional 4,665 shares in the last quarter. Finally, Czech National Bank increased its position in shares of Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after acquiring an additional 2,792 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.5 %

TRV stock opened at $263.04 on Friday. The business’s fifty day moving average price is $252.35 and its two-hundred day moving average price is $248.69. The stock has a market capitalization of $59.64 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.01 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. Barclays increased their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. 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. Wells Fargo & Company upped their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $260.00.

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.