The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 100.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,922 shares of the insurance provider's stock after buying an additional 24,518 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Travelers Companies were worth $11,823,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TRV shares. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Stock Down 0.5 %

Shares of TRV stock traded down $1.21 on Friday, reaching $259.19. 1,087,926 shares of the stock were exchanged, compared to its average volume of 1,291,018. The company has a market capitalization of $58.72 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 4.65 and a beta of 0.48. The business's 50 day moving average price is $254.27 and its 200 day moving average price is $250.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the business posted $4.69 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

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.