Focus Partners Wealth Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Focus Partners Wealth boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,314 shares of the insurance provider's stock after buying an additional 2,329 shares during the quarter. Focus Partners Wealth's holdings in Travelers Companies were worth $3,964,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Vanguard Group Inc. increased its position in 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 purchasing an additional 117,108 shares during the period. FMR LLC increased its position in 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 purchasing an additional 229,160 shares during the period. Geode Capital Management LLC increased its position in 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 purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 70,036 shares during the period. Finally, Bank of America Corp DE increased its position in 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 purchasing an additional 2,466,098 shares during the period. Institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, UBS Group reduced their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Stock Performance

Travelers Companies stock traded up $2.67 during mid-day trading on Friday, reaching $273.57. 867,058 shares of the company traded hands, compared to its average volume of 1,292,981. The firm's fifty day moving average is $258.66 and its two-hundred day moving average is $252.09. The company has a market capitalization of $61.98 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $273.89.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for 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 firm earned $4.69 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio is 23.95%.

About Travelers Companies

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.