Dimensional Fund Advisors LP Has $813.70 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Dimensional Fund Advisors LP raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,377,966 shares of the insurance provider’s stock after purchasing an additional 243,484 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Travelers Companies were worth $813,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Yoffe Investment Management LLC bought a new stake in Travelers Companies in the 4th quarter valued at $1,202,000. Elevate Capital Advisors LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $4,627,000. Erste Asset Management GmbH lifted its position in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after acquiring an additional 100 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares during the period. Finally, Czech National Bank lifted its holdings in shares of Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV opened at $256.05 on Friday. The stock has a 50 day moving average of $252.42 and a 200 day moving average of $249.36. 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 Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a market capitalization of $58.05 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period last year, the firm posted $4.69 earnings per share. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.72%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is presently 23.95%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRV shares. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. UBS Group dropped their target price 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. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. Finally, StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $267.32.

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.