DRW Securities LLC Purchases Shares of 1,461 The Travelers Companies, Inc. (NYSE:TRV)

DRW Securities LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,461 shares of the insurance provider's stock, valued at approximately $352,000.

A number of other large investors also recently modified their holdings of TRV. Yoffe Investment Management LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies during the fourth quarter valued at $4,627,000. Erste Asset Management GmbH grew its position in shares of Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after acquiring an additional 100 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after acquiring an additional 38,515 shares during the period. Finally, Czech National Bank boosted its stake in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after purchasing an additional 2,792 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRV. Jefferies Financial Group boosted their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday. JPMorgan Chase & Co. lifted 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. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $286.00 to $274.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Barclays lowered their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, 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 2.2 %

Shares of Travelers Companies stock traded up $5.48 during midday trading on Monday, reaching $250.61. 1,016,767 shares of the company's stock traded hands, compared to its average volume of 1,303,618. 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 $269.56. The company's 50 day simple moving average is $251.59 and its 200 day simple moving average is $248.93. The company has a market cap of $56.82 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Dividend Announcement

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