Parallel Advisors LLC Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Parallel Advisors LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.5% during the fourth quarter, Holdings Channel reports. The fund owned 7,011 shares of the insurance provider’s stock after purchasing an additional 172 shares during the quarter. Parallel Advisors LLC’s holdings in Travelers Companies were worth $1,689,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $27,000. True Wealth Design LLC bought a new position in Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co bought a new stake in shares of Travelers Companies in the 4th quarter worth about $48,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $55,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.9 %

Shares of NYSE TRV opened at $260.17 on Wednesday. The business has a fifty day simple moving average of $247.11 and a 200-day simple moving average of $246.54. 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 company has a market cap of $58.99 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the business posted $7.01 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TRV. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a report on Thursday, November 21st. Barclays upped 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 lifted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $261.05.

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.