Generali Asset Management SPA SGR Makes New $3.30 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Generali Asset Management SPA SGR acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,717 shares of the insurance provider’s stock, valued at approximately $3,304,000.

A number of other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in Travelers Companies by 167.4% in the 3rd quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock worth $2,403,000 after buying an additional 6,426 shares during the period. Thrivent Financial for Lutherans lifted its stake in Travelers Companies by 8.7% in the third quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after acquiring an additional 1,360 shares during the period. Prospera Financial Services Inc boosted its holdings in Travelers Companies by 61.1% in the third quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock valued at $1,109,000 after acquiring an additional 1,794 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Travelers Companies by 16.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,450 shares of the insurance provider’s stock valued at $808,000 after purchasing an additional 476 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Travelers Companies in the 3rd quarter worth $2,932,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $261.50 on Thursday. The firm has a market cap of $59.29 billion, a P/E ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $247.48 and a 200 day moving average of $246.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping 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 firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Piper Sandler raised shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $261.05.

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.