Toronto Dominion Bank Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Toronto Dominion Bank raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,846 shares of the insurance provider's stock after purchasing 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 reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of Travelers Companies by 236.9% in the 4th 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. Norges Bank purchased a new stake in Travelers Companies during the 4th quarter valued at about $560,918,000. Balyasny Asset Management L.P. increased its holdings in shares of Travelers Companies by 153.8% in 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 during the period. Raymond James Financial Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth about $138,619,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $96,012,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Barclays reduced their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Three 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, the stock has an average rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Trading Up 0.6%

Travelers Companies stock traded up $1.54 during mid-day trading on Friday, hitting $275.95. The company's stock had a trading volume of 2,578,975 shares, compared to its average volume of 1,299,331. The stock's fifty day moving average is $261.14 and its two-hundred day moving average is $253.51. 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 firm has a market capitalization of $62.52 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.61.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share 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 return on equity of 19.06% and a net margin of 10.77%. During the same period in the prior year, the business posted $4.69 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.59%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio 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.