MML Investors Services LLC Purchases 1,284 Shares of The Travelers Companies, Inc. (NYSE:TRV)

MML Investors Services LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,849 shares of the insurance provider's stock after buying an additional 1,284 shares during the period. MML Investors Services LLC's holdings in Travelers Companies were worth $5,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. Yoffe Investment Management LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $1,202,000. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $4,627,000. Erste Asset Management GmbH grew its stake in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after acquiring an additional 100 shares during the period. Franklin Resources Inc. increased its holdings in Travelers Companies by 39.5% in the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after acquiring an additional 38,515 shares during the last quarter. Finally, Czech National Bank raised its stake in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after acquiring an additional 2,792 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.9 %

Shares of TRV traded up $2.40 during mid-day trading on Monday, reaching $261.56. The company's stock had a trading volume of 937,743 shares, compared to its average volume of 1,289,604. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market cap of $59.26 billion, a PE ratio of 12.18, a P/E/G ratio of 4.65 and a beta of 0.48. The company's fifty day moving average price is $254.66 and its two-hundred day moving average price is $250.68. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is 23.95%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research reports. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average target price of $267.32.

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.