Bank of America Corp DE Increases Position in The Travelers Companies, Inc. (NYSE:TRV)

Bank of America Corp DE boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 236.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,507,219 shares of the insurance provider's stock after buying an additional 2,466,098 shares during the quarter. Bank of America Corp DE owned approximately 1.54% of Travelers Companies worth $844,854,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TRV. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies in the 4th quarter worth approximately $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $37,000. Asset Planning Inc bought a new stake in Travelers Companies during the 4th quarter valued at $44,000. Finally, Quarry LP lifted its position in shares of Travelers Companies by 400.0% during the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after acquiring an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. UBS Group reduced their target price on 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 increased their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Hsbc Global Res downgraded 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 raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company upped their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Three 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 stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Stock Performance

Shares of TRV opened at $267.58 on Tuesday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market cap of $60.63 billion, a P/E ratio of 12.46, a P/E/G 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. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the prior year, the company posted $4.69 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

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

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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