DnB Asset Management AS Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

DnB Asset Management AS lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,399 shares of the insurance provider's stock after buying an additional 1,579 shares during the quarter. DnB Asset Management AS's holdings in Travelers Companies were worth $14,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. Townsquare Capital LLC raised its holdings in shares of Travelers Companies by 52.5% during the 3rd quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider's stock worth $2,265,000 after acquiring an additional 3,332 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Travelers Companies by 5.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 111,187 shares of the insurance provider's stock valued at $26,031,000 after purchasing an additional 5,948 shares in the last quarter. Fiduciary Trust Co grew its stake in Travelers Companies by 18.2% during the 3rd quarter. Fiduciary Trust Co now owns 4,331 shares of the insurance provider's stock worth $1,014,000 after purchasing an additional 666 shares in the last quarter. Public Sector Pension Investment Board increased its stake in shares of Travelers Companies by 2.1% during the third quarter. Public Sector Pension Investment Board now owns 39,630 shares of the insurance provider's stock worth $9,278,000 after buying an additional 800 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Travelers Companies by 3.2% in the third quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider's stock valued at $7,311,000 after acquiring an additional 965 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Travelers Companies Stock Performance

Shares of NYSE TRV traded up $0.05 during mid-day trading on Tuesday, hitting $264.51. 999,854 shares of the company were exchanged, compared to its average volume of 1,276,441. The stock has a 50 day simple moving average of $251.05 and a 200-day simple moving average of $248.29. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. 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 market cap of $59.97 billion, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last released its 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 company had revenue of $12.01 billion during 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 business's revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $7.01 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and raised their price target for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $260.00.

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.