Fmr LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Fmr LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,277,851 shares of the insurance provider’s stock after buying an additional 229,160 shares during the quarter. Fmr LLC owned approximately 0.06% of Travelers Companies worth $3,439,392,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TRV. Yoffe Investment Management LLC purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $1,202,000. Elevate Capital Advisors LLC purchased a new position in Travelers Companies in the fourth quarter valued at $4,627,000. Erste Asset Management GmbH grew its holdings in Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after purchasing an additional 100 shares during the period. Franklin Resources Inc. increased its holdings in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after acquiring an additional 38,515 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its position in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TRV shares. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Barclays upped their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Performance

NYSE TRV opened at $242.64 on Friday. The company’s fifty day moving average is $252.38 and its two-hundred day moving average is $248.74. 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 Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the business earned $7.01 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. Equities research 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 was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. Travelers Companies’s 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.