Generali Asset Management SPA SGR Invests $3.30 Million in The Travelers Companies, Inc. (NYSE:TRV)

Generali Asset Management SPA SGR bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,717 shares of the insurance provider's stock, valued at approximately $3,304,000.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the last quarter. FMR LLC grew its holdings 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 purchasing an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock worth $366,820,000 after buying an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. grew its stake in Travelers Companies by 4.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after buying an additional 51,589 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and increased their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Barclays lifted their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $260.00.

Travelers Companies Price Performance

TRV stock traded up $3.00 during trading on Monday, hitting $259.70. The company had a trading volume of 1,240,000 shares, compared to its average volume of 1,183,365. The company has a fifty day moving average price of $248.29 and a two-hundred day moving average price of $247.17. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a market cap of $58.88 billion, a P/E ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the company earned $7.01 EPS. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share 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. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is currently 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.