Swiss National Bank Has $155.11 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Swiss National Bank lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 643,900 shares of the insurance provider’s stock after selling 35,800 shares during the period. Swiss National Bank owned 0.28% of Travelers Companies worth $155,109,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Travelers Companies by 1,576.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 70,466 shares of the insurance provider’s stock worth $16,975,000 after purchasing an additional 66,263 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Travelers Companies by 5.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 28,673 shares of the insurance provider’s stock worth $6,907,000 after buying an additional 1,592 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of Travelers Companies during the 4th quarter worth about $18,236,000. Farther Finance Advisors LLC increased its stake in shares of Travelers Companies by 3.7% in the 4th quarter. Farther Finance Advisors LLC now owns 2,604 shares of the insurance provider’s stock valued at $631,000 after acquiring an additional 94 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Travelers Companies by 7.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock valued at $173,000 after acquiring an additional 47 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $256.05 on Friday. 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 business has a 50-day moving average of $245.88 and a 200-day moving average of $245.46. The stock has a market capitalization of $58.05 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.64%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TRV. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Barclays upped their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. The Goldman Sachs Group upgraded 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. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $261.05.

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.