APG Asset Management N.V. Acquires 123,700 Shares of The Travelers Companies, Inc. (NYSE:TRV)

APG Asset Management N.V. raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 224.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,761 shares of the insurance provider's stock after buying an additional 123,700 shares during the period. APG Asset Management N.V. owned approximately 0.08% of Travelers Companies worth $41,585,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $27,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies during the 4th quarter worth about $37,000. Asset Planning Inc purchased a new stake in Travelers Companies during the fourth quarter valued at about $44,000. Providence First Trust Co acquired a new position in shares of Travelers Companies in the fourth quarter worth about $48,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on TRV shares. Keefe, Bruyette & Woods decreased their price objective 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. JPMorgan Chase & Co. raised their target price on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday. UBS Group lowered their target price 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. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $263.37.

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Travelers Companies Stock Up 2.1 %

Shares of TRV traded up $5.18 during trading hours on Monday, hitting $250.31. 200,147 shares of the company were exchanged, compared to its average volume of 1,425,010. The firm's 50 day moving average is $251.59 and its 200-day moving average is $248.93. 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 $269.55. The company has a market cap of $56.75 billion, a PE ratio of 11.66, a PEG ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the prior year, the business earned $7.01 earnings per share. The company's revenue was up 9.9% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.68%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

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.