Y Intercept Hong Kong Ltd Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Y Intercept Hong Kong Ltd raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 366.1% during the fourth quarter, Holdings Channel reports. The firm owned 19,155 shares of the insurance provider’s stock after buying an additional 15,045 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Travelers Companies were worth $4,614,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Allspring Global Investments Holdings LLC increased its position in shares of Travelers Companies by 36.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 16,631 shares of the insurance provider’s stock worth $3,894,000 after acquiring an additional 4,474 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Travelers Companies by 1,167.4% during the third quarter. Assenagon Asset Management S.A. now owns 85,020 shares of the insurance provider’s stock worth $19,905,000 after acquiring an additional 78,312 shares during the period. Mount Yale Investment Advisors LLC increased its position in shares of Travelers Companies by 8.9% during the third quarter. Mount Yale Investment Advisors LLC now owns 1,724 shares of the insurance provider’s stock worth $404,000 after acquiring an additional 141 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Travelers Companies during the third quarter worth $214,000. Finally, Allworth Financial LP increased its position in shares of Travelers Companies by 17.3% during the third quarter. Allworth Financial LP now owns 4,387 shares of the insurance provider’s stock worth $1,027,000 after acquiring an additional 648 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.6 %

NYSE:TRV opened at $239.90 on Monday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $242.04 and its 200-day simple moving average is $241.97. The firm has a market cap of $54.39 billion, a P/E ratio of 11.17, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the company posted $7.01 EPS. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and increased their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.