The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,734 shares of the insurance provider’s stock after selling 4,838 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Travelers Companies were worth $19,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Yoffe Investment Management LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $4,627,000. Erste Asset Management GmbH grew its position in shares of Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares during the last quarter. Czech National Bank raised its stake in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after acquiring an additional 2,792 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after acquiring an additional 47,985 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.4%

TRV opened at $269.65 on Monday. 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 Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $273.08. The stock has a market capitalization of $61.09 billion, a P/E ratio of 12.56, a P/E/G ratio of 4.65 and a beta of 0.53. The business has a 50 day simple moving average of $257.51 and a 200-day simple moving average of $251.50.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the business posted $4.69 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TRV. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Jefferies Financial Group increased their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a report on Friday, April 11th. Barclays cut their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $267.32.

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.