Transatlantique Private Wealth LLC Has $749,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Transatlantique Private Wealth LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.2% during the fourth quarter, HoldingsChannel reports. The fund owned 3,109 shares of the insurance provider’s stock after acquiring an additional 262 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Travelers Companies were worth $749,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. YANKCOM Partnership bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc purchased a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $48,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Travelers Companies during the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TRV shares. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Barclays decreased their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. UBS Group cut their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $267.32.

Travelers Companies Stock Up 1.4 %

Shares of NYSE TRV opened at $256.05 on Friday. The business has a 50-day simple moving average of $252.42 and a two-hundred day simple moving average of $249.46. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a market cap of $58.05 billion, a P/E ratio of 11.93, a P/E/G 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.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $10.97 billion. During the same quarter in the previous year, the company earned $4.69 earnings per share. Research 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is presently 23.95%.

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.