The Travelers Companies, Inc. (NYSE:TRV) Position Lifted by Banco Santander S.A.

Banco Santander S.A. boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,689 shares of the insurance provider's stock after acquiring an additional 1,494 shares during the period. Banco Santander S.A.'s holdings in Travelers Companies were worth $16,065,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $233,000. Aviance Capital Partners LLC raised its position in shares of Travelers Companies by 2.0% in the fourth quarter. Aviance Capital Partners LLC now owns 37,076 shares of the insurance provider's stock valued at $8,931,000 after buying an additional 718 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Travelers Companies by 100.2% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 3,890 shares of the insurance provider's stock valued at $937,000 after buying an additional 1,947 shares during the last quarter. Callan Family Office LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $430,000. Finally, Candriam S.C.A. raised its position in shares of Travelers Companies by 0.5% in the fourth quarter. Candriam S.C.A. now owns 25,255 shares of the insurance provider's stock valued at $6,084,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. BMO Capital Markets boosted 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. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Janney Montgomery Scott lowered shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a research report on Thursday, November 21st. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Finally, Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued 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.com, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $261.05.

Travelers Companies Trading Up 0.8 %

TRV traded up $2.07 during trading on Friday, hitting $258.09. 966,240 shares of the company's stock were exchanged, compared to its average volume of 1,325,873. The firm has a market cap of $58.51 billion, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The stock has a 50 day moving average price of $244.74 and a 200 day moving average price of $244.64. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate 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 business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.01 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced 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 1.63%. Travelers Companies's dividend payout ratio (DPR) 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.