DnB Asset Management AS Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

DnB Asset Management AS increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 59,399 shares of the insurance provider’s stock after acquiring an additional 1,579 shares during the quarter. DnB Asset Management AS’s holdings in Travelers Companies were worth $14,309,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the 4th quarter valued at about $27,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $37,000. True Wealth Design LLC bought a new position in Travelers Companies during the 3rd quarter worth approximately $41,000. Asset Planning Inc acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $44,000. Finally, Providence First Trust Co bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $48,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on TRV. Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Price Performance

NYSE TRV opened at $261.86 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The firm has a market capitalization of $59.37 billion, a PE ratio of 12.20, a P/E/G ratio of 4.65 and a beta of 0.60. The company’s 50 day simple moving average is $250.56 and its 200 day simple moving average is $247.96. 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 posted 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 quarter in the previous year, the business earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. Travelers Companies’s dividend payout ratio is currently 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.