Lindbrook Capital LLC Buys 222 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Lindbrook Capital LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 4,247 shares of the insurance provider’s stock after acquiring an additional 222 shares during the period. Lindbrook Capital LLC’s holdings in Travelers Companies were worth $1,023,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TRV. Farther Finance Advisors LLC lifted its position in Travelers Companies by 8.1% in the third quarter. Farther Finance Advisors LLC now owns 2,510 shares of the insurance provider’s stock worth $588,000 after buying an additional 189 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Travelers Companies in the third quarter worth $50,000. United Advisor Group LLC bought a new stake in Travelers Companies in the third quarter worth $313,000. Crestwood Advisors Group LLC lifted its position in Travelers Companies by 14.9% in the third quarter. Crestwood Advisors Group LLC now owns 1,385 shares of the insurance provider’s stock worth $324,000 after buying an additional 180 shares during the last quarter. Finally, Focused Wealth Management Inc bought a new stake in Travelers Companies in the third quarter worth $222,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

TRV opened at $257.97 on Thursday. The business’s 50-day moving average is $244.16 and its two-hundred day moving average is $244.09. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. 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 firm has a market capitalization of $58.49 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating 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 company had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.63%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of several research analyst reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Tuesday, December 10th. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $261.05.

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.