The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Raised by MML Investors Services LLC

MML Investors Services LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,849 shares of the insurance provider's stock after acquiring an additional 1,284 shares during the quarter. MML Investors Services LLC's holdings in Travelers Companies were worth $5,263,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership purchased a new stake in Travelers Companies during the fourth quarter worth $27,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies in the 4th quarter valued at about $37,000. Asset Planning Inc purchased a new position in Travelers Companies during the 4th quarter valued at about $44,000. Providence First Trust Co acquired a new position in Travelers Companies during the fourth quarter worth about $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $55,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the subject of several research reports. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Evercore ISI upped their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. 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 stock. Based on data from MarketBeat, Travelers Companies has an average rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Trading Down 0.7 %

Shares of NYSE:TRV traded down $1.78 during trading on Thursday, reaching $262.35. 292,369 shares of the stock were exchanged, compared to its average volume of 1,283,018. 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 12-month low of $200.21 and a 12-month high of $269.56. The firm's 50-day moving average price is $255.61 and its 200 day moving average price is $250.87. The firm has a market cap of $59.44 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

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, 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 return on equity of 19.06% and a net margin of 10.77%. During the same period last year, the business posted $4.69 EPS. On average, 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 firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Travelers Companies's payout ratio is 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.