Pictet Asset Management Holding SA Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Pictet Asset Management Holding SA boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,621 shares of the insurance provider’s stock after acquiring an additional 13,511 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Travelers Companies were worth $36,765,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRV. YANKCOM Partnership acquired a new position in shares of Travelers Companies during the fourth quarter worth $27,000. Generali Investments Management Co LLC purchased a new stake in Travelers Companies during the 4th quarter worth $37,000. True Wealth Design LLC acquired a new position in Travelers Companies in the 3rd quarter worth $41,000. Asset Planning Inc acquired a new position in Travelers Companies in the 4th quarter worth $44,000. Finally, Providence First Trust Co purchased a new position in Travelers Companies in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRV. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods raised shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Down 0.3 %

NYSE:TRV opened at $261.86 on Monday. 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 has a 50 day moving average of $250.56 and a 200-day moving average of $248.07. The firm has a market capitalization of $59.37 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV) last issued 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. 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 was up 9.9% on a year-over-year basis. During the same period in the prior year, the business earned $7.01 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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