Swiss National Bank Has $117.37 Million Stock Holdings in Travelers Companies Inc (NYSE:TRV)

Swiss National Bank trimmed its position in Travelers Companies Inc (NYSE:TRV) by 4.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 856,997 shares of the insurance provider’s stock after selling 41,900 shares during the quarter. Swiss National Bank’s holdings in Travelers Companies were worth $117,366,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $25,000. Allred Capital Management LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $29,000. Savior LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $34,000. Howard Wealth Management LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $35,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Travelers Companies during the third quarter worth approximately $36,000. 80.26% of the stock is owned by institutional investors and hedge funds.

Travelers Companies stock traded up $0.40 during trading on Friday, hitting $137.28. 497,496 shares of the company were exchanged, compared to its average volume of 1,360,309. The business’s 50 day moving average is $136.32 and its 200 day moving average is $139.92. Travelers Companies Inc has a 52 week low of $126.23 and a 52 week high of $155.09. The company has a market capitalization of $35.33 billion, a P/E ratio of 13.81, a PEG ratio of 1.54 and a beta of 0.90. The company has a current ratio of 0.39, a quick ratio of 0.38 and a debt-to-equity ratio of 0.25.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $3.32 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.09. The business had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.26 billion. Travelers Companies had a return on equity of 10.03% and a net margin of 8.30%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. Equities analysts expect that Travelers Companies Inc will post 10.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.82 dividend. The ex-dividend date is Monday, March 9th. This represents a $3.28 annualized dividend and a dividend yield of 2.39%. Travelers Companies’s payout ratio is 34.17%.

TRV has been the subject of a number of recent research reports. Deutsche Bank upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 price target for the company in a research note on Tuesday, October 22nd. Evercore ISI began coverage on shares of Travelers Companies in a research note on Thursday, October 17th. They issued an “underperform” rating and a $128.00 price objective on the stock. Keefe, Bruyette & Woods lowered shares of Travelers Companies from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $144.00 to $125.00 in a research note on Friday, January 10th. Citigroup reduced their price objective on shares of Travelers Companies from $146.00 to $142.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Buckingham Research decreased their target price on shares of Travelers Companies from $158.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, January 22nd. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Travelers Companies currently has an average rating of “Hold” and an average price target of $144.86.

In other news, Vice Chairman William H. Heyman sold 2,185 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $136.20, for a total value of $297,597.00. Following the completion of the sale, the insider now owns 241,930 shares in the company, valued at $32,950,866. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% of the company’s stock.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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