Franklin Resources Inc. Acquires 4,970 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Franklin Resources Inc. increased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,927 shares of the insurance provider's stock after purchasing an additional 4,970 shares during the quarter. Franklin Resources Inc. owned about 0.06% of Travelers Companies worth $33,948,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRV. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter worth about $27,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $37,000. Asset Planning Inc acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $44,000. Providence First Trust Co bought a new stake in Travelers Companies during the fourth quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. acquired a new position in Travelers Companies in the fourth quarter worth approximately $55,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

TRV traded down $4.17 during midday trading on Thursday, reaching $243.93. The company's stock had a trading volume of 354,871 shares, compared to its average volume of 1,422,142. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $55.31 billion, a P/E ratio of 11.36, a PEG ratio of 4.65 and a beta of 0.48. The company has a fifty day simple moving average of $251.57 and a 200 day simple moving average of $248.74.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.72%. Travelers Companies's dividend payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $286.00 to $274.00 and set an "outperform" rating on the stock 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, Royal Bank of Canada reissued 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. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $261.89.

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.