Parkside Financial Bank & Trust Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Parkside Financial Bank & Trust lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,890 shares of the insurance provider’s stock after purchasing an additional 85 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Travelers Companies were worth $455,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pallas Capital Advisors LLC purchased a new position in Travelers Companies during the third quarter worth $366,000. Valmark Advisers Inc. purchased a new position in Travelers Companies during the third quarter worth $209,000. Fidelis Capital Partners LLC purchased a new position in Travelers Companies during the third quarter worth $259,000. Financial Advocates Investment Management purchased a new position in Travelers Companies during the third quarter worth $228,000. Finally, United Asset Strategies Inc. purchased a new position in Travelers Companies during the third quarter worth $204,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on TRV. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lifted 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. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price for the company. in a research report on Thursday, November 21st. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

TRV stock opened at $258.65 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 business has a 50-day moving average price of $243.21 and a 200 day moving average price of $242.98. The company has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a PEG ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during 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 firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $7.01 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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