Brandywine Global Investment Management LLC Sells 16,910 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Brandywine Global Investment Management LLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,414 shares of the insurance provider's stock after selling 16,910 shares during the period. Brandywine Global Investment Management LLC owned about 0.10% of Travelers Companies worth $53,818,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after acquiring an additional 117,108 shares in the last quarter. State Street Corp boosted its stake in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after purchasing an additional 120,228 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Travelers Companies by 2.3% during the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $560,918,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Travelers Companies by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after buying an additional 26,117 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Travelers Companies Stock Up 0.0 %

TRV stock traded up $0.05 during mid-day trading on Tuesday, reaching $264.51. The company had a trading volume of 999,854 shares, compared to its average volume of 1,278,333. The company has a market capitalization of $59.97 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a 50 day simple moving average of $251.05 and a two-hundred day simple moving average of $248.29. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping 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 analyst estimates of $10.80 billion. During the same period in the previous year, the business earned $7.01 EPS. Travelers Companies's revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $1.05 per share. The ex-dividend date was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio is currently 19.56%.

Analysts Set New Price Targets

TRV has been the subject of several research reports. BMO Capital Markets raised their price objective 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. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Barclays lifted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Four 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. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $260.00.

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.