Globeflex Capital L P Acquires Shares of 12,000 The Travelers Companies, Inc. (NYSE:TRV)

Globeflex Capital L P acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 12,000 shares of the insurance provider's stock, valued at approximately $2,891,000.

A number of other institutional investors have also recently made changes to their positions in TRV. State Street Corp increased its stake in Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock valued at $3,644,532,000 after purchasing an additional 120,228 shares in the last quarter. FMR LLC grew its position in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock valued at $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Geode Capital Management LLC increased its holdings in Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after acquiring an additional 114,714 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Travelers Companies by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after acquiring an additional 26,117 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in Travelers Companies by 4.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock worth $286,475,000 after purchasing an additional 51,589 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Travelers Companies Stock Up 0.4 %

NYSE TRV traded up $1.00 on Wednesday, hitting $261.50. 1,624,195 shares of the stock were exchanged, compared to its average volume of 1,174,780. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a 50-day moving average price of $247.11 and a 200-day moving average price of $246.54. The company has a market cap of $59.29 billion, a PE ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.60. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for 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%. Travelers Companies's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.01 earnings per share. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

Wall Street Analyst Weigh In

TRV has been the subject of several recent analyst reports. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Wells Fargo & Company increased their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a report on Thursday, January 23rd. Finally, Janney Montgomery Scott lowered shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $261.05.

About Travelers Companies

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.