Russell Investments Group Ltd. Buys 4,770 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Russell Investments Group Ltd. raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 589,341 shares of the insurance provider's stock after acquiring an additional 4,770 shares during the period. Russell Investments Group Ltd. owned approximately 0.26% of Travelers Companies worth $141,899,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedbush Securities Inc. increased its stake in Travelers Companies by 17.8% during the 4th quarter. Wedbush Securities Inc. now owns 2,564 shares of the insurance provider's stock valued at $618,000 after purchasing an additional 388 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Travelers Companies by 1.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 694,836 shares of the insurance provider's stock worth $167,379,000 after acquiring an additional 10,963 shares during the last quarter. KCM Investment Advisors LLC lifted its position in Travelers Companies by 16.9% in the 4th quarter. KCM Investment Advisors LLC now owns 21,367 shares of the insurance provider's stock valued at $5,147,000 after acquiring an additional 3,095 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new position in Travelers Companies during the 4th quarter valued at about $20,394,000. Finally, Wells Fargo & Company MN increased its holdings in Travelers Companies by 0.4% during the 4th quarter. Wells Fargo & Company MN now owns 846,782 shares of the insurance provider's stock worth $203,981,000 after purchasing an additional 2,958 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Remove Ads

Analyst Ratings Changes

Several brokerages recently issued reports on TRV. 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. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday. Wells Fargo & Company upgraded shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $225.00 to $247.00 in a report on Wednesday. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average target price of $261.89.

Travelers Companies Trading Down 1.0 %

TRV traded down $2.51 during midday trading on Thursday, reaching $245.59. 715,075 shares of the company's stock traded hands, compared to its average volume of 1,298,141. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week 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 fifty day moving average of $251.57 and a two-hundred day moving average of $248.74. The stock has a market capitalization of $55.68 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter in the previous year, the company earned $7.01 earnings per share. Travelers Companies's quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued a $1.05 dividend. The ex-dividend date was Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. Travelers Companies's dividend payout ratio (DPR) is 19.56%.

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.