Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 875 The Travelers Companies, Inc. (NYSE:TRV)

Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 875 shares of the insurance provider’s stock, valued at approximately $233,000.

A number of other large investors have also added to or reduced their stakes in TRV. CWA Asset Management Group LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter worth about $443,000. Assetmark Inc. lifted its position in Travelers Companies by 2.5% during the third quarter. Assetmark Inc. now owns 2,721 shares of the insurance provider’s stock worth $637,000 after acquiring an additional 67 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Travelers Companies during the third quarter worth approximately $4,884,000. Mesirow Financial Investment Management Inc. grew its position in shares of Travelers Companies by 48.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 1,943 shares of the insurance provider’s stock valued at $455,000 after purchasing an additional 630 shares during the last quarter. Finally, Baker Avenue Asset Management LP grew its position in shares of Travelers Companies by 1.2% in the third quarter. Baker Avenue Asset Management LP now owns 14,108 shares of the insurance provider’s stock valued at $3,303,000 after purchasing an additional 162 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Tuesday, December 10th. Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $261.05.

Travelers Companies Trading Down 0.3 %

Shares of Travelers Companies stock opened at $256.81 on Tuesday. The firm has a market capitalization of $58.22 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. 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 firm’s 50 day moving average is $245.08 and its 200 day moving average is $245.11. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the business earned $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.64%. Travelers Companies’s dividend payout ratio is presently 19.56%.

About Travelers Companies

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.