New Age Alpha Advisors LLC Takes $4.06 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

New Age Alpha Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, Holdings Channel.com reports. The fund acquired 16,869 shares of the insurance provider’s stock, valued at approximately $4,064,000.

A number of other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new position in Travelers Companies in the 4th quarter valued at approximately $560,918,000. Caisse Des Depots ET Consignations acquired a new stake in Travelers Companies in the fourth quarter valued at $504,000. Loomis Sayles & Co. L P bought a new position in Travelers Companies during the 4th quarter worth $65,000. NEOS Investment Management LLC lifted its holdings in Travelers Companies by 28.6% during the 4th quarter. NEOS Investment Management LLC now owns 11,163 shares of the insurance provider’s stock worth $2,689,000 after buying an additional 2,483 shares during the period. Finally, UniSuper Management Pty Ltd grew its position in shares of Travelers Companies by 15.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 17,499 shares of the insurance provider’s stock valued at $4,215,000 after buying an additional 2,383 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, HSBC cut shares of 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, March 24th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $260.00.

Travelers Companies Stock Performance

TRV opened at $261.86 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company’s fifty day moving average price is $250.56 and its two-hundred day moving average price is $247.89. The company has a market cap 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 Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating 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 return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.01 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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 paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

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.