BNP Paribas Financial Markets Sells 77,830 Shares of The Travelers Companies, Inc. (NYSE:TRV)

BNP Paribas Financial Markets trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 383,386 shares of the insurance provider's stock after selling 77,830 shares during the quarter. BNP Paribas Financial Markets owned 0.17% of Travelers Companies worth $92,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $12,044,000. Alteri Wealth LLC bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $224,000. Aptus Capital Advisors LLC increased its stake in shares of Travelers Companies by 15.1% in the fourth quarter. Aptus Capital Advisors LLC now owns 4,820 shares of the insurance provider's stock worth $1,161,000 after purchasing an additional 632 shares in the last quarter. 4WEALTH Advisors Inc. purchased a new position in shares of Travelers Companies during the 4th quarter valued at $345,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in Travelers Companies in the 4th quarter worth $16,007,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.1 %

Shares of NYSE TRV opened at $267.58 on Tuesday. 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 quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $60.63 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 4.65 and a beta of 0.53. The business's 50 day moving average price is $256.56 and its 200-day moving average price is $251.18.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter last year, the firm posted $4.69 earnings per share. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TRV shares. UBS Group cut their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $267.32.

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.

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