The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,752,484 shares of the insurance provider's stock after buying an additional 70,036 shares during the period. Price T Rowe Associates Inc. MD owned 1.65% of Travelers Companies worth $903,937,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Yoffe Investment Management LLC purchased a new position in Travelers Companies during the 4th quarter worth $1,202,000. Elevate Capital Advisors LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $4,627,000. Erste Asset Management GmbH grew its position in Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after purchasing an additional 100 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after purchasing an additional 38,515 shares during the period. Finally, Czech National Bank boosted its holdings in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after purchasing an additional 2,792 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective 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 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 reduced their price target 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. Barclays reduced their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company increased their price objective on shares of 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 research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Price Performance

Travelers Companies stock traded up $1.30 during mid-day trading on Tuesday, reaching $262.91. The company had a trading volume of 303,948 shares, compared to its average volume of 1,285,751. The stock's 50-day simple moving average is $254.66 and its 200-day simple moving average is $250.68. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. 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 company has a market capitalization of $59.57 billion, a P/E ratio of 12.24, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the business earned $4.69 earnings per share. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared 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 represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's 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.