Pictet Asset Management Holding SA Boosts Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Pictet Asset Management Holding SA increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,621 shares of the insurance provider's stock after buying an additional 13,511 shares during the period. Pictet Asset Management Holding SA owned 0.07% of Travelers Companies worth $36,765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $4,064,000. Norges Bank purchased a new position in Travelers Companies during the 4th quarter worth $560,918,000. Caisse Des Depots ET Consignations bought a new stake in Travelers Companies during the 4th quarter valued at $504,000. Loomis Sayles & Co. L P purchased a new stake in shares of Travelers Companies in the 4th quarter worth $65,000. Finally, NEOS Investment Management LLC grew its position in shares of Travelers Companies by 28.6% during the 4th quarter. NEOS Investment Management LLC now owns 11,163 shares of the insurance provider's stock worth $2,689,000 after buying an additional 2,483 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $0.04 during trading on Wednesday, hitting $264.58. 1,048,029 shares of the stock traded hands, compared to its average volume of 1,277,421. 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 company has a fifty day moving average price of $251.56 and a two-hundred day moving average price of $248.47. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a market cap of $59.99 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60.

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Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating 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 quarter in the previous year, the company earned $7.01 earnings per share. The firm's revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

TRV has been the topic of several recent research reports. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and increased their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods raised Travelers Companies from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $260.00.

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.