Legal & General Group Plc Has $421.78 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Legal & General Group Plc lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 20.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750,908 shares of the insurance provider’s stock after selling 442,727 shares during the period. Legal & General Group Plc owned approximately 0.77% of Travelers Companies worth $421,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter worth about $560,918,000. Raymond James Financial Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter worth approximately $138,619,000. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $96,012,000. Bryn Mawr Capital Management LLC grew its position in Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after purchasing an additional 236,686 shares in the last quarter. Finally, FMR LLC increased its stake in Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock valued at $3,439,392,000 after buying an additional 229,160 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 3.7 %

TRV stock opened at $233.39 on Tuesday. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a 50-day moving average of $252.02 and a two-hundred day moving average of $248.77. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.01 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TRV. BMO Capital Markets lifted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Barclays lifted their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.