The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,325 shares of the insurance provider's stock after selling 8,576 shares during the period. Janus Henderson Group PLC owned approximately 0.15% of Travelers Companies worth $79,815,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Bank of America Corp DE increased its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares during the last quarter. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter valued at approximately $560,918,000. Balyasny Asset Management L.P. boosted its stake in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after buying an additional 907,266 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $138,619,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth $96,012,000. Hedge funds and other 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 analyst reports. Evercore ISI increased their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Wells Fargo & Company lifted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average price target of $267.32.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $2.67 during trading hours on Friday, hitting $273.57. The stock had a trading volume of 867,058 shares, compared to its average volume of 1,293,623. The stock's fifty day simple moving average is $258.28 and its 200 day simple moving average is $251.92. The firm has a market capitalization of $61.98 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $273.88.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating 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 quarter in the previous year, the business earned $4.69 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 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.