First Manhattan CO. LLC. Lowers Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

First Manhattan CO. LLC. lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,710 shares of the insurance provider's stock after selling 1,312 shares during the quarter. First Manhattan CO. LLC.'s holdings in Travelers Companies were worth $10,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Travelers Companies by 0.5% during 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 acquiring an additional 117,108 shares during the last quarter. FMR LLC boosted 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 acquiring an additional 229,160 shares during the last quarter. Geode Capital Management LLC boosted its position 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 valued at $1,269,321,000 after acquiring an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Travelers Companies by 1.9% during 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 acquiring an additional 70,036 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Travelers Companies by 236.9% during 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 last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Down 0.6%

NYSE:TRV traded down $1.67 during mid-day trading on Wednesday, hitting $263.25. The stock had a trading volume of 933,690 shares, compared to its average volume of 1,293,301. 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 Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $273.08. The stock has a 50-day simple moving average of $257.88 and a two-hundred day simple moving average of $251.71. The company has a market capitalization of $59.64 billion, a PE ratio of 12.26, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the company earned $4.69 earnings per share. On average, equities research 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. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TRV shares. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. UBS Group decreased their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Finally, StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $267.32.

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.