Sienna Gestion Purchases 9,459 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Sienna Gestion increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 30.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 40,559 shares of the insurance provider’s stock after buying an additional 9,459 shares during the period. Sienna Gestion’s holdings in Travelers Companies were worth $9,769,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Assetmark Inc. lifted its position in shares of Travelers Companies by 2.5% during the third quarter. Assetmark Inc. now owns 2,721 shares of the insurance provider’s stock worth $637,000 after acquiring an additional 67 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in Travelers Companies by 14.9% during the 3rd quarter. Apollon Wealth Management LLC now owns 3,945 shares of the insurance provider’s stock worth $924,000 after purchasing an additional 511 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in Travelers Companies by 4.9% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,641 shares of the insurance provider’s stock worth $384,000 after purchasing an additional 76 shares during the period. Aptus Capital Advisors LLC boosted its stake in Travelers Companies by 7.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,188 shares of the insurance provider’s stock worth $980,000 after purchasing an additional 298 shares during the period. Finally, MQS Management LLC grew its holdings in Travelers Companies by 3.4% during the 3rd quarter. MQS Management LLC now owns 1,935 shares of the insurance provider’s stock valued at $453,000 after buying an additional 63 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

TRV stock opened at $256.05 on Friday. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The firm has a 50-day moving average of $245.88 and a 200 day moving average of $245.46. The company has a market cap of $58.05 billion, a P/E ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend yield of 1.64%. Travelers Companies’s payout ratio is 19.56%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.