130,235 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 130,235 shares of the insurance provider's stock, valued at approximately $31,372,000. BI Asset Management Fondsmaeglerselskab A S owned approximately 0.06% of Travelers Companies at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TRV. Virtu Financial LLC boosted its holdings in Travelers Companies by 25.6% during the third quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock worth $3,978,000 after buying an additional 3,462 shares in the last quarter. Tudor Financial Inc. acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at approximately $983,000. World Investment Advisors LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter worth approximately $501,000. Arvest Bank Trust Division acquired a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $16,344,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $2,174,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TRV. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Finally, BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies Trading Down 0.8 %

TRV traded down $2.05 during trading on Wednesday, hitting $259.26. 1,778,852 shares of the company's stock were exchanged, compared to its average volume of 1,463,403. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The stock has a 50 day moving average price of $252.98 and a 200 day moving average price of $249.76. The firm has a market cap of $58.78 billion, a P/E ratio of 12.08, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping 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 firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the prior year, the company earned $4.69 EPS. As a group, analysts expect 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. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.70%. 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.