Nwam LLC Has $407,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Nwam LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,689 shares of the insurance provider’s stock after selling 57 shares during the quarter. Nwam LLC’s holdings in Travelers Companies were worth $407,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SRN Advisors LLC acquired a new position in Travelers Companies during the fourth quarter worth about $222,000. NewEdge Wealth LLC grew its holdings in shares of Travelers Companies by 5.1% during the 4th quarter. NewEdge Wealth LLC now owns 12,033 shares of the insurance provider’s stock valued at $2,899,000 after purchasing an additional 587 shares during the last quarter. Simmons Bank increased its position in Travelers Companies by 7.3% during the 4th quarter. Simmons Bank now owns 1,465 shares of the insurance provider’s stock worth $353,000 after purchasing an additional 100 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its stake in Travelers Companies by 7.6% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 1,692 shares of the insurance provider’s stock valued at $408,000 after purchasing an additional 120 shares during the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after buying an additional 46 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Tuesday, December 10th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. 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 note on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upgraded 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 report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Stock Performance

Shares of TRV opened at $258.65 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 firm’s fifty day simple moving average is $243.21 and its two-hundred day simple moving average is $243.20. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The stock has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64.

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

Travelers Companies Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio is currently 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.