Vise Technologies Inc. Has $1.05 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Vise Technologies Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 78.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,346 shares of the insurance provider's stock after buying an additional 1,916 shares during the period. Vise Technologies Inc.'s holdings in Travelers Companies were worth $1,047,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in 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 buying an additional 117,108 shares during the last quarter. FMR LLC increased its holdings 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 worth $3,439,392,000 after acquiring an additional 229,160 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Travelers Companies by 3.6% during the 4th 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 last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 purchasing an additional 70,036 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of 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 purchasing an additional 2,466,098 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 0.8%

Shares of TRV stock traded down $2.18 during mid-day trading on Wednesday, reaching $273.70. 1,646,396 shares of the stock traded hands, compared to its average volume of 1,295,115. The stock's fifty day simple moving average is $260.51 and its two-hundred day simple moving average is $253.26. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $280.28. The company has a market cap of $62.01 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth 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 the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $4.69 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal 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 issued a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.61%. Travelers Companies's payout ratio is presently 23.95%.

Analyst Ratings Changes

Several research firms have recently commented on TRV. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. HSBC downgraded 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. Jefferies Financial Group increased their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $271.11.

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.