Ashton Thomas Securities LLC Has $205,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Ashton Thomas Securities LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 27.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 849 shares of the insurance provider’s stock after purchasing an additional 181 shares during the period. Ashton Thomas Securities LLC’s holdings in Travelers Companies were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $27,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at about $37,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the third quarter valued at about $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Finally, Providence First Trust Co bought a new position in Travelers Companies in the 4th quarter valued at approximately $48,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.0 %

NYSE TRV opened at $259.50 on Wednesday. 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 $249.27 and a 200-day moving average price of $247.54. The company has a market cap of $58.84 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.01 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TRV shares. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company raised 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 lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target on the stock. in a research report on Monday. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, BMO Capital Markets upped their target price on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $260.00.

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.