Wellington Management Group LLP Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Wellington Management Group LLP boosted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,929 shares of the insurance provider's stock after purchasing an additional 2,456 shares during the quarter. Wellington Management Group LLP's holdings in Travelers Companies were worth $4,319,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Wells Fargo & Company upgraded shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $225.00 to $247.00 in a research note on Wednesday, April 9th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Finally, Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. 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. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $263.37.

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Travelers Companies Trading Up 2.2 %

Shares of TRV stock traded up $5.48 during mid-day trading on Monday, reaching $250.61. The stock had a trading volume of 1,016,767 shares, compared to its average volume of 1,303,618. The firm has a market capitalization of $56.82 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The stock's 50-day moving average price is $251.59 and its two-hundred day moving average price is $248.93. 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 Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its 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. The firm had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business's revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.01 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given 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 1.68%. Travelers Companies's payout ratio is 19.56%.

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.