Norges Bank Invests $560.92 Million in The Travelers Companies, Inc. (NYSE:TRV)

Norges Bank bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,328,524 shares of the insurance provider's stock, valued at approximately $560,918,000. Norges Bank owned approximately 1.03% of Travelers Companies at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. YANKCOM Partnership bought a new position in Travelers Companies during the fourth quarter valued at approximately $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies during the 4th quarter valued at $37,000. True Wealth Design LLC acquired a new position in shares of Travelers Companies during the third quarter valued at about $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the 4th quarter valued at approximately $44,000. Finally, Providence First Trust Co bought a new position in Travelers Companies in the fourth quarter worth $48,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Barclays increased their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $260.00.

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Travelers Companies Stock Up 0.0 %

Shares of TRV traded up $0.07 during midday trading on Tuesday, hitting $264.53. The stock had a trading volume of 531,935 shares, compared to its average volume of 1,375,209. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $59.98 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a 50 day simple moving average of $251.05 and a two-hundred day simple moving average of $248.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company's revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm posted $7.01 EPS. On average, analysts anticipate 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. Stockholders of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Travelers Companies Company 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.