The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Empire Financial Management Company LLC

Empire Financial Management Company LLC lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 15,082 shares of the insurance provider's stock after selling 1,119 shares during the period. Travelers Companies accounts for approximately 1.1% of Empire Financial Management Company LLC's holdings, making the stock its 23rd largest position. Empire Financial Management Company LLC's holdings in Travelers Companies were worth $3,633,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after purchasing an additional 117,108 shares in the last quarter. FMR LLC lifted its holdings in Travelers Companies by 1.6% during the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after purchasing an additional 229,160 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Travelers Companies by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after acquiring an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Travelers Companies by 1.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after purchasing an additional 70,036 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock worth $813,704,000 after purchasing an additional 243,484 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. Evercore ISI boosted their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Stock Down 0.5 %

Shares of NYSE TRV traded down $1.21 during trading hours on Friday, hitting $259.19. 1,087,926 shares of the stock were exchanged, 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 firm has a fifty day moving average price of $254.27 and a 200-day moving average price of $250.39. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a market cap of $58.72 billion, a PE ratio of 12.07, a PEG ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. 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 dividend on an annualized basis and a yield of 1.70%. Travelers Companies's dividend payout ratio is currently 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.