MGO One Seven LLC Has $1.92 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

MGO One Seven LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 75.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,975 shares of the insurance provider's stock after purchasing an additional 3,425 shares during the quarter. MGO One Seven LLC's holdings in Travelers Companies were worth $1,921,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Pinebridge Investments L.P. acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $18,526,000. Price T Rowe Associates Inc. MD lifted its position in Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after acquiring an additional 70,036 shares during the last quarter. Fayez Sarofim & Co acquired a new stake in Travelers Companies during the fourth quarter worth approximately $1,852,000. Stifel Financial Corp boosted its holdings in shares of Travelers Companies by 1.5% during the fourth quarter. Stifel Financial Corp now owns 175,054 shares of the insurance provider's stock worth $42,169,000 after acquiring an additional 2,521 shares during the period. Finally, TD Waterhouse Canada Inc. grew its position in shares of Travelers Companies by 48.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,395 shares of the insurance provider's stock valued at $1,299,000 after purchasing an additional 1,772 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 0.5 %

Shares of TRV stock traded down $1.21 during trading hours on Friday, hitting $259.19. 1,087,926 shares of the company's stock traded hands, compared to its average volume of 1,291,018. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The stock has a market cap of $58.72 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The stock's 50 day simple moving average is $254.27 and its 200 day simple moving average is $250.51.

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

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Analysts Set New Price Targets

Several analysts recently weighed in on TRV shares. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. BMO Capital Markets boosted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Jefferies Financial Group raised their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Barclays lowered their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $267.32.

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.