Orion Portfolio Solutions LLC Acquires 514 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Orion Portfolio Solutions LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,658 shares of the insurance provider’s stock after purchasing an additional 514 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Travelers Companies were worth $4,495,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TRV. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter worth $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies in the 4th quarter valued at $37,000. True Wealth Design LLC acquired a new position in Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc bought a new position in Travelers Companies during the 4th quarter worth about $44,000. Finally, Providence First Trust Co acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $48,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV stock opened at $261.86 on Monday. The company has a market capitalization of $59.37 billion, a price-to-earnings ratio of 12.20, a PEG 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 52 week low of $200.21 and a 52 week high of $269.56. The company has a 50-day simple moving average of $250.56 and a 200 day simple moving average of $248.07.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results 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. 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 during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm posted $7.01 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

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 of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TRV. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a report on Thursday, January 23rd. 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 research report on Friday, January 24th. Finally, Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $260.00.

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.