Mariner LLC Acquires 9,465 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Mariner LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,442 shares of the insurance provider's stock after buying an additional 9,465 shares during the quarter. Mariner LLC's holdings in Travelers Companies were worth $14,078,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Virtu Financial LLC increased its stake in Travelers Companies by 25.6% in the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider's stock valued at $3,978,000 after buying an additional 3,462 shares during the period. Tudor Financial Inc. acquired a new position in shares of Travelers Companies in the third quarter worth $983,000. World Investment Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter worth $501,000. Arvest Bank Trust Division acquired a new stake in Travelers Companies during the third quarter valued at $16,344,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Travelers Companies in the 3rd quarter worth about $2,174,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $10.57 during midday trading on Tuesday, reaching $260.16. 754,766 shares of the company traded hands, compared to its average volume of 1,286,594. The firm has a market cap of $58.99 billion, a PE ratio of 12.11, a PEG ratio of 4.65 and a beta of 0.48. The stock's 50-day simple moving average is $252.61 and its 200-day simple moving average is $249.67. 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 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the company posted $4.69 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.69%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group lowered their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets increased their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Thursday, April 17th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $267.32.

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.