Invesco Ltd. Acquires 104,293 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Invesco Ltd. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,435,757 shares of the insurance provider's stock after buying an additional 104,293 shares during the period. Invesco Ltd. owned 0.63% of Travelers Companies worth $345,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $37,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the fourth quarter worth $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. purchased a new position in Travelers Companies in the 4th quarter worth about $55,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TRV. UBS Group cut their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Finally, Wells Fargo & Company upgraded shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $225.00 to $247.00 in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $263.37.

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Travelers Companies Stock Performance

Shares of NYSE TRV traded up $0.19 during mid-day trading on Tuesday, hitting $251.03. The company had a trading volume of 234,745 shares, compared to its average volume of 1,299,480. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month 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 market cap of $56.92 billion, a P/E ratio of 11.69, a PEG ratio of 4.65 and a beta of 0.48. The business's 50-day simple moving average is $251.67 and its 200-day simple moving average is $249.04.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $7.01 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.67%. Travelers Companies's dividend payout ratio is currently 19.56%.

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.