The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,917 shares of the insurance provider’s stock after purchasing an additional 3,476 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Travelers Companies were worth $25,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Elevate Capital Advisors LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $4,627,000. Franklin Resources Inc. boosted its stake in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Orion Portfolio Solutions LLC grew its holdings in Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after acquiring an additional 4,665 shares in the last quarter. Czech National Bank increased its position in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after purchasing an additional 47,985 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on TRV shares. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. 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. Finally, BMO Capital Markets boosted 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. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $261.05.

Travelers Companies Stock Up 1.6 %

Travelers Companies stock opened at $256.05 on Friday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market cap 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 company’s 50-day moving average price is $245.88 and its two-hundred day moving average price is $245.46. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter last year, the business posted $7.01 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 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.