Madison Investment Advisors LLC Invests $725,000 in The Travelers Companies, Inc. (NYSE:TRV)

Madison Investment Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,010 shares of the insurance provider’s stock, valued at approximately $725,000.

Several other large investors have also modified their holdings of TRV. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares in the last quarter. Quent Capital LLC increased its position in shares of Travelers Companies by 3.3% during the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock worth $218,000 after purchasing an additional 44 shares in the last quarter. Somerset Trust Co increased its position in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after purchasing an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Travelers Companies by 3.8% during the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider’s stock worth $294,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $256.70 on Friday. 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 twelve month low of $200.21 and a twelve month high of $269.56. The firm’s 50 day moving average price is $248.29 and its two-hundred day moving average price is $247.06. The firm has a market cap of $58.20 billion, a P/E ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TRV shares. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $261.05.

About Travelers Companies

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.