2,328,524 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Norges Bank

Norges Bank bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,328,524 shares of the insurance provider's stock, valued at approximately $560,918,000. Norges Bank owned 1.03% of Travelers Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Caisse Des Depots ET Consignations acquired a new stake in Travelers Companies during the 4th quarter worth approximately $504,000. Loomis Sayles & Co. L P acquired a new stake in shares of Travelers Companies during the fourth quarter worth $65,000. NEOS Investment Management LLC grew its position in Travelers Companies by 28.6% in the 4th quarter. NEOS Investment Management LLC now owns 11,163 shares of the insurance provider's stock valued at $2,689,000 after buying an additional 2,483 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in Travelers Companies by 15.8% in the 4th quarter. UniSuper Management Pty Ltd now owns 17,499 shares of the insurance provider's stock valued at $4,215,000 after buying an additional 2,383 shares during the period. Finally, Elo Mutual Pension Insurance Co raised its position in Travelers Companies by 13.7% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 22,993 shares of the insurance provider's stock worth $5,539,000 after buying an additional 2,779 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 0.5 %

TRV stock traded down $1.26 during midday trading on Wednesday, hitting $263.29. The stock had a trading volume of 375,612 shares, compared to its average volume of 1,274,826. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The firm has a market cap of $59.69 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company's 50-day moving average price is $251.56 and its 200 day moving average price is $248.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies's dividend payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TRV shares. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company upped their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Finally, HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $260.00.

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.