Fmr LLC Purchases 229,160 Shares of The Travelers Companies, Inc. (NYSE:TRV)

FMR LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,277,851 shares of the insurance provider's stock after buying an additional 229,160 shares during the period. FMR LLC owned 6.29% of Travelers Companies worth $3,439,392,000 as of its most recent SEC filing.

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

Travelers Companies Trading Up 0.1 %

TRV traded up $0.30 during midday trading on Friday, reaching $245.47. 408,659 shares of the company's stock traded hands, compared to its average volume of 1,299,655. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a fifty day moving average of $251.58 and a two-hundred day moving average of $248.78. The stock has a market capitalization of $55.65 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies's dividend payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. Barclays raised their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a report on Friday, January 24th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, Wells Fargo & Company raised shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $225.00 to $247.00 in a research note on Wednesday. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $261.89.

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.