The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 48.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,395 shares of the insurance provider's stock after acquiring an additional 1,772 shares during the period. TD Waterhouse Canada Inc.'s holdings in Travelers Companies were worth $1,299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TRV. Transatlantique Private Wealth LLC grew its stake in Travelers Companies by 9.2% during the 4th quarter. Transatlantique Private Wealth LLC now owns 3,109 shares of the insurance provider's stock worth $749,000 after buying an additional 262 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $77,000. MML Investors Services LLC raised its position in Travelers Companies by 6.2% in the 4th quarter. MML Investors Services LLC now owns 21,849 shares of the insurance provider's stock valued at $5,263,000 after purchasing an additional 1,284 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Travelers Companies by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 60,114 shares of the insurance provider's stock worth $14,481,000 after purchasing an additional 838 shares during the period. Finally, Natixis grew its position in Travelers Companies by 67.8% during the 4th quarter. Natixis now owns 55,404 shares of the insurance provider's stock worth $13,346,000 after purchasing an additional 22,382 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Evercore ISI lifted 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. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Barclays decreased their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Stock Down 0.7 %

TRV stock traded down $1.90 during trading on Wednesday, reaching $262.16. The stock had a trading volume of 278,258 shares, compared to its average volume of 1,429,496. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average price of $255.12 and a 200 day moving average price of $250.78. The company has a market capitalization of $59.40 billion, a P/E ratio of 12.21, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating 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 firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the business posted $4.69 earnings per share. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share 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 given a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. Travelers Companies's dividend payout ratio (DPR) is presently 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.