FIL Ltd Purchases 3,162 Shares of The Travelers Companies, Inc. (NYSE:TRV)

FIL Ltd increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 119.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,815 shares of the insurance provider’s stock after buying an additional 3,162 shares during the period. FIL Ltd’s holdings in Travelers Companies were worth $1,401,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in Travelers Companies in the 4th quarter valued at $560,918,000. Raymond James Financial Inc. purchased a new position in shares of Travelers Companies in the 4th quarter worth about $138,619,000. Proficio Capital Partners LLC bought a new position in Travelers Companies during the fourth quarter valued at about $96,012,000. Bryn Mawr Capital Management LLC increased its holdings in Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after buying an additional 236,686 shares during the last quarter. Finally, FMR LLC raised its position in Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock worth $3,439,392,000 after acquiring an additional 229,160 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.1 %

Shares of NYSE TRV opened at $244.96 on Monday. 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 business has a 50-day moving average of $251.59 and a 200-day moving average of $248.93. The firm has a market capitalization of $55.54 billion, a price-to-earnings ratio of 11.41, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.01 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies’s payout ratio is 19.56%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TRV shares. Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $286.00 to $274.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. increased their target price 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. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $263.37.

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.