Focus Partners Advisor Solutions LLC Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Focus Partners Advisor Solutions LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 63.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,737 shares of the insurance provider's stock after acquiring an additional 2,236 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Travelers Companies were worth $1,382,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRV. Bank of America Corp DE lifted its holdings in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after buying an additional 2,466,098 shares during the period. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $560,918,000. Balyasny Asset Management L.P. boosted its position in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after purchasing an additional 907,266 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Travelers Companies in the fourth quarter worth $138,619,000. Finally, Proficio Capital Partners LLC bought a new position in Travelers Companies in the fourth quarter worth $96,012,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Evercore ISI boosted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Jefferies Financial Group increased their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $270.42.

Travelers Companies Trading Down 0.7%

TRV stock traded down $2.07 during midday trading on Wednesday, reaching $273.81. The company's stock had a trading volume of 378,816 shares, compared to its average volume of 1,289,580. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $280.28. The firm has a market capitalization of $62.04 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 4.65 and a beta of 0.53. The stock has a fifty day simple moving average of $260.51 and a two-hundred day simple moving average of $253.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the business posted $4.69 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 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.