The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Pictet Asset Management Holding SA

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

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $560,918,000. Raymond James Financial Inc. acquired a new position in Travelers Companies during the fourth quarter worth $138,619,000. Proficio Capital Partners LLC purchased a new stake in Travelers Companies during the fourth quarter worth $96,012,000. Bryn Mawr Capital Management LLC grew its holdings in Travelers Companies by 15,056.4% in 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 during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Travelers Companies in the third quarter valued at $54,988,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Piper Sandler upgraded 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 report on Friday, January 24th. Finally, Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Trading Down 0.3 %

Shares of TRV opened at $261.86 on Monday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The firm has a market capitalization of $59.37 billion, a P/E ratio of 12.20, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $250.56 and its 200 day simple moving average is $248.07.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping 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 company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the business posted $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.