Rafferty Asset Management LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Rafferty Asset Management LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,097 shares of the insurance provider's stock after buying an additional 2,822 shares during the period. Rafferty Asset Management LLC's holdings in Travelers Companies were worth $19,295,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of Travelers Companies by 236.9% in the 4th 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 purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $560,918,000. Balyasny Asset Management L.P. boosted its holdings in 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 worth $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Travelers Companies in the 4th quarter worth about $138,619,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $96,012,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE TRV traded down $0.86 on Tuesday, hitting $273.68. The stock had a trading volume of 944,085 shares, compared to its average volume of 1,289,901. 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 52-week low of $200.21 and a 52-week high of $275.03. The company has a market capitalization of $62.01 billion, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The firm has a 50-day moving average of $259.10 and a 200-day moving average of $252.35.

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 the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the business earned $4.69 earnings per share. Equities analysts expect 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 is a positive change 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 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies's dividend payout ratio is presently 23.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI upped their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Morgan Stanley raised their price objective on shares of Travelers Companies from $245.00 to $269.00 and gave the stock an "equal weight" rating in a report on Monday. JPMorgan Chase & Co. lifted 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. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Three 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $270.42.

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.