Zurcher Kantonalbank Zurich Cantonalbank Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 43.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 159,172 shares of the insurance provider's stock after buying an additional 47,985 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Travelers Companies worth $38,343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC boosted its position in Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after buying an additional 41 shares during the last quarter. Quent Capital LLC boosted its position in Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after buying an additional 43 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after buying an additional 44 shares during the last quarter. Somerset Trust Co boosted its position in Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after buying an additional 45 shares during the last quarter. Finally, Brooklyn Investment Group boosted its position in Travelers Companies by 3.8% in the third quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider's stock valued at $294,000 after buying an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

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Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research note on Thursday, November 21st. Piper Sandler upgraded shares of 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 research report on Friday, January 24th. HSBC raised shares of Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company upped their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $261.05.

Travelers Companies Price Performance

Shares of TRV stock traded down $4.38 during trading hours on Wednesday, reaching $250.18. The company had a trading volume of 611,666 shares, compared to its average volume of 1,170,737. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a fifty day moving average of $245.35 and a 200-day moving average of $245.34. The company has a market capitalization of $56.72 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.68%. Travelers Companies's payout ratio is 19.56%.

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.