Guardian Partners Inc. Purchases New Position in The Travelers Companies, Inc. (NYSE:TRV)

Guardian Partners Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,561 shares of the insurance provider’s stock, valued at approximately $1,107,000.

Several other institutional investors also recently bought and sold shares of TRV. FMR LLC increased its position in shares of Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $138,619,000. Proficio Capital Partners LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $96,012,000. Bank of Montreal Can increased its position in shares of Travelers Companies by 66.9% in the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after buying an additional 282,884 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC increased its position in shares of Travelers Companies by 15,056.4% in the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after buying an additional 236,686 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Stock Performance

NYSE TRV opened at $256.70 on Friday. The stock’s fifty day moving average is $248.29 and its two-hundred day moving average is $247.06. The firm has a market capitalization of $58.20 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the company posted $7.01 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm 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 $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.