Lazard Asset Management LLC Buys 1,632 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Lazard Asset Management LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,760 shares of the insurance provider's stock after purchasing an additional 1,632 shares during the period. Lazard Asset Management LLC's holdings in Travelers Companies were worth $1,146,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. FMR LLC lifted its stake in Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after purchasing an additional 229,160 shares during the last quarter. Geode Capital Management LLC lifted its stake in Travelers Companies by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after purchasing an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Travelers Companies by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after purchasing an additional 70,036 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 0.3%

NYSE:TRV opened at $274.47 on Tuesday. 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 stock has a market capitalization of $62.19 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 4.65 and a beta of 0.53. The firm has a fifty day simple moving average of $259.10 and a two-hundred day simple moving average of $252.35. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $275.03.

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, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations 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 company posted $4.69 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS 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. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRV. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley upped their price target on Travelers Companies from $245.00 to $269.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Barclays reduced their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $270.42.

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.

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