Geode Capital Management LLC Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Geode Capital Management LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,258,490 shares of the insurance provider's stock after buying an additional 182,270 shares during the period. Geode Capital Management LLC owned approximately 2.32% of Travelers Companies worth $1,269,321,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock valued at $822,000 after acquiring an additional 41 shares during the last quarter. Quent Capital LLC lifted its position in Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock valued at $328,000 after purchasing an additional 43 shares during the period. Salem Investment Counselors Inc. boosted its holdings in Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after purchasing an additional 44 shares during the last quarter. Somerset Trust Co grew its position in Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after purchasing an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC raised its stake in Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after buying an additional 46 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Travelers Companies Trading Down 7.8 %

TRV stock traded down $20.46 during midday trading on Friday, reaching $242.64. 2,471,769 shares of the company traded hands, compared to its average volume of 1,287,448. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48. 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 business has a 50 day moving average of $252.38 and a 200-day moving average of $248.74. 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 issued its quarterly 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 company had revenue of $12.01 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $7.01 earnings per share. Travelers Companies's revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies's dividend payout ratio is presently 19.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TRV shares. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Wells Fargo & Company increased their target price on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Travelers Companies currently has a consensus 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.