Novem Group Acquires Shares of 1,609 The Travelers Companies, Inc. (NYSE:TRV)

Novem Group acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,609 shares of the insurance provider's stock, valued at approximately $388,000.

A number of other large investors have also added to or reduced their stakes in TRV. Vanguard Group Inc. grew its position in Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after acquiring an additional 117,108 shares during the last quarter. FMR LLC increased its holdings in Travelers Companies by 1.6% in the fourth 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 period. Geode Capital Management LLC grew its position in shares of 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 buying an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Travelers Companies by 1.9% in the fourth 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 buying an additional 70,036 shares during the period. Finally, Bank of America Corp DE raised its position 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 worth $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 Stock Performance

Shares of Travelers Companies stock traded up $4.81 on Tuesday, hitting $275.85. 757,188 shares of the company's stock were exchanged, compared to its average volume of 1,292,914. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $296.96. The company has a 50-day simple moving average of $260.18 and a 200-day simple moving average of $253.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $62.50 billion, a PE ratio of 12.85, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period last year, the firm earned $4.69 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. 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 dividend yield of 1.60%. Travelers Companies's payout ratio is 23.95%.

Analysts Set New Price Targets

Several equities analysts have issued reports on TRV shares. Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned 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 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.