Toronto Dominion Bank Has $29.35 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Toronto Dominion Bank raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,846 shares of the insurance provider's stock after buying an additional 7,832 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Travelers Companies worth $29,351,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after purchasing an additional 117,108 shares during the period. FMR LLC grew its position in shares of Travelers Companies by 1.6% during the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after buying an additional 229,160 shares during the last quarter. Geode Capital Management LLC raised its stake in Travelers Companies by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after acquiring an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in 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 worth $903,937,000 after acquiring an additional 70,036 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake 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 valued at $844,854,000 after acquiring an additional 2,466,098 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Evercore ISI raised their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Morgan Stanley boosted their target price on shares of Travelers Companies from $245.00 to $269.00 and gave the company an "equal weight" rating in a research note on Monday. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $270.42.

Travelers Companies Price Performance

TRV stock traded down $0.31 during trading hours on Thursday, hitting $270.84. 886,591 shares of the stock traded hands, compared to its average volume of 1,289,999. The stock has a 50-day simple moving average of $259.65 and a 200 day simple moving average of $252.63. The company has a market cap of $61.36 billion, a P/E ratio of 12.61, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $275.03. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly 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 company had revenue of $10.52 billion during 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 in the prior year, the company earned $4.69 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. 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%.

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.