Legal & General Group Plc Has $421.78 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Legal & General Group Plc lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 20.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,750,908 shares of the insurance provider’s stock after selling 442,727 shares during the period. Legal & General Group Plc’s holdings in Travelers Companies were worth $421,776,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Travelers Companies in the fourth quarter worth $560,918,000. Raymond James Financial Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at $138,619,000. Proficio Capital Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $96,012,000. Bryn Mawr Capital Management LLC lifted its holdings in shares of Travelers Companies by 15,056.4% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after acquiring an additional 236,686 shares during the period. Finally, FMR LLC increased its stake in Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock valued at $3,439,392,000 after acquiring an additional 229,160 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV stock opened at $233.39 on Tuesday. The company has a 50 day moving average price of $252.02 and a 200 day moving average price of $248.77. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. 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 stock has a market capitalization of $52.91 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company 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 quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.01 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. Travelers Companies’s payout ratio is presently 19.56%.

Analyst Ratings Changes

A number of research analysts have commented on TRV shares. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. Finally, HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $260.00.

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.