Price T Rowe Associates Inc. MD Has $903.94 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Price T Rowe Associates Inc. MD lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,752,484 shares of the insurance provider's stock after acquiring an additional 70,036 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.65% of Travelers Companies worth $903,937,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of TRV. Virtu Financial LLC raised its position in shares of Travelers Companies by 25.6% in the third 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 in the last quarter. Tudor Financial Inc. acquired a new position in Travelers Companies in the 3rd quarter valued at $983,000. World Investment Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $501,000. Arvest Bank Trust Division acquired a new stake in shares of Travelers Companies during the 3rd quarter worth $16,344,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Travelers Companies in the third quarter worth $2,174,000. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TRV. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Jefferies Financial Group lifted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Barclays reduced their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $267.32.

Travelers Companies Trading Down 0.5 %

TRV traded down $1.21 during midday trading on Friday, hitting $259.19. 1,087,926 shares of the company were exchanged, compared to its average volume of 1,291,018. The firm's 50 day moving average price is $254.27 and its 200-day moving average price is $250.39. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The firm has a market capitalization of $58.72 billion, a P/E ratio of 12.07, a P/E/G ratio of 4.65 and a beta of 0.48. 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 quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period in the previous year, the firm earned $4.69 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS 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. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.70%. Travelers Companies's dividend payout ratio is 23.95%.

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.