The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Groupama Asset Managment

Groupama Asset Managment raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 81.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,925 shares of the insurance provider's stock after buying an additional 4,917 shares during the quarter. Groupama Asset Managment's holdings in Travelers Companies were worth $2,621,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the 4th quarter valued at approximately $37,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the fourth quarter worth $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies during the fourth quarter worth $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $55,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TRV shares. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $260.00.

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Travelers Companies Price Performance

Shares of TRV stock traded down $20.46 during trading hours on Friday, hitting $242.64. 2,471,769 shares of the company's stock were exchanged, compared to its average volume of 1,287,448. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The firm has a market cap of $55.01 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $252.38 and a two-hundred day moving average of $248.74.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping 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 company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the prior year, the business posted $7.01 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.73%. The ex-dividend date was Monday, March 10th. Travelers Companies's payout ratio is 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.