Adage Capital Partners GP L.L.C. Acquires Shares of 120,113 The Travelers Companies, Inc. (NYSE:TRV)

Adage Capital Partners GP L.L.C. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 120,113 shares of the insurance provider's stock, valued at approximately $28,934,000. Adage Capital Partners GP L.L.C. owned 0.05% of Travelers Companies at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TRV. MGO One Seven LLC increased its holdings in Travelers Companies by 75.3% during the 4th quarter. MGO One Seven LLC now owns 7,975 shares of the insurance provider's stock worth $1,921,000 after purchasing an additional 3,425 shares in the last quarter. Pinebridge Investments L.P. acquired a new position in shares of Travelers Companies during the fourth quarter worth about $18,526,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after buying an additional 70,036 shares in the last quarter. Fayez Sarofim & Co acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $1,852,000. Finally, Stifel Financial Corp lifted its stake in Travelers Companies by 1.5% in the 4th quarter. Stifel Financial Corp now owns 175,054 shares of the insurance provider's stock valued at $42,169,000 after acquiring an additional 2,521 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on TRV shares. The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Wells Fargo & Company increased their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Jefferies Financial Group boosted their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Finally, Barclays lowered their target price 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 issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $267.32.

Travelers Companies Stock Up 0.9 %

Travelers Companies stock traded up $2.40 during mid-day trading on Monday, reaching $261.56. The stock had a trading volume of 937,743 shares, compared to its average volume of 1,289,604. The firm has a market capitalization of $59.26 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The stock's 50-day simple moving average is $254.66 and its 200-day simple moving average is $250.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced 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 net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the previous year, the business posted $4.69 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. 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.