Mariner LLC Purchases 9,465 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mariner LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 19.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 58,442 shares of the insurance provider’s stock after buying an additional 9,465 shares during the quarter. Mariner LLC’s holdings in Travelers Companies were worth $14,078,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. YANKCOM Partnership acquired a new position in Travelers Companies during the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new position in shares of Travelers Companies in the 4th quarter valued at $37,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $44,000. Providence First Trust Co bought a new stake in Travelers Companies during the 4th quarter worth $48,000. Finally, IMG Wealth Management Inc. acquired a new position in Travelers Companies in the 4th quarter worth about $55,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

TRV has been the topic of a number of recent research reports. Evercore ISI lifted their price target on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research note on Thursday. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. UBS Group cut their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company increased their price objective on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Piper Sandler raised 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 report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $267.32.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $256.05 on Friday. The company has a market cap of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. 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 Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The business has a 50 day moving average price of $252.15 and a 200-day moving average price of $249.22.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share 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 analysts’ expectations of $10.97 billion. During the same period last year, the business earned $4.69 EPS. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.72%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio 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.