American Century Companies Inc. Acquires 21,194 Shares of The Travelers Companies, Inc. (NYSE:TRV)

American Century Companies Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,482 shares of the insurance provider's stock after purchasing an additional 21,194 shares during the period. American Century Companies Inc. owned about 0.17% of Travelers Companies worth $90,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. Pinnacle Wealth Management Advisory Group LLC increased its holdings in Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after acquiring an additional 41 shares during the last quarter. Quent Capital LLC increased its stake in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after purchasing an additional 43 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock valued at $218,000 after purchasing an additional 44 shares during the period. Somerset Trust Co lifted its stake in shares of Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after buying an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Travelers Companies by 3.8% in the 3rd quarter. Brooklyn Investment Group now owns 1,255 shares of the insurance provider's stock worth $294,000 after buying an additional 46 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

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Travelers Companies Trading Up 0.2 %

Shares of NYSE:TRV traded up $0.65 on Thursday, reaching $262.91. 910,844 shares of the company traded hands, compared to its average volume of 1,184,498. The stock has a market capitalization of $59.61 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The business's 50-day simple moving average is $250.11 and its 200 day simple moving average is $247.75. 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 Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period last year, the company earned $7.01 EPS. Travelers Companies's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TRV shares. Barclays increased their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday. BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research report on Thursday, January 23rd. Four investment 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $260.00.

Travelers Companies 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.