Czech National Bank raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,223 shares of the insurance provider's stock after buying an additional 2,792 shares during the quarter. Czech National Bank's holdings in Travelers Companies were worth $11,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its stake in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Travelers Companies by 23,378.8% in the third quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider's stock worth $121,811,000 after buying an additional 518,075 shares in the last quarter. Bank of Montreal Can boosted its stake in Travelers Companies by 66.9% during the third quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider's stock valued at $166,645,000 after buying an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Travelers Companies during the 3rd quarter valued at approximately $54,988,000. Finally, Janus Henderson Group PLC increased its stake in Travelers Companies by 216.3% in the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider's stock worth $79,582,000 after acquiring an additional 232,428 shares during the last quarter. Institutional investors own 82.45% of the company's stock.
Insider Buying and Selling at Travelers Companies
In related news, CEO Alan D. Schnitzer sold 40,524 shares of the company's stock in a transaction dated Monday, October 21st. The stock was sold at an average price of $260.12, for a total transaction of $10,541,102.88. Following the transaction, the chief executive officer now directly owns 221,924 shares of the company's stock, valued at $57,726,870.88. This represents a 15.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares of the company's stock, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 78,149 shares of company stock worth $20,295,856 over the last quarter. Insiders own 1.33% of the company's stock.
Travelers Companies Stock Up 1.6 %
Shares of TRV traded up $3.82 during mid-day trading on Tuesday, hitting $237.15. The company's stock had a trading volume of 1,550,804 shares, compared to its average volume of 1,394,886. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The company's 50-day moving average is $250.38 and its 200-day moving average is $235.40. The Travelers Companies, Inc. has a 52-week low of $194.54 and a 52-week high of $269.55. The firm has a market capitalization of $53.84 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 1.17 and a beta of 0.65.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping analysts' consensus estimates of $3.79 by $1.45. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The company had revenue of $11.90 billion during the quarter, compared to analyst estimates of $11.46 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. Travelers Companies's revenue was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.84 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Tuesday, December 10th. Travelers Companies's payout ratio is currently 21.54%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on TRV shares. Roth Mkm increased their target price on Travelers Companies from $240.00 to $300.00 and gave the company a "buy" rating in a research report on Monday, October 21st. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Piper Sandler decreased their target price on shares of Travelers Companies from $280.00 to $259.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Jefferies Financial Group lifted their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price objective on Travelers Companies from $241.00 to $265.00 and gave the stock an "underperform" rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $254.65.
View Our Latest Stock Analysis on TRV
About Travelers Companies
(
Free Report)
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.
See Also
Before you consider Travelers Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.
While Travelers Companies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
