Vestcor Inc Buys 3,830 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Vestcor Inc boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 91.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,004 shares of the insurance provider's stock after buying an additional 3,830 shares during the period. Vestcor Inc's holdings in Travelers Companies were worth $1,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its position in shares of Travelers Companies by 0.8% in the 3rd 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 during the last quarter. FMR LLC boosted its holdings in Travelers Companies by 12.6% during the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after buying an additional 1,568,909 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Travelers Companies by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after buying an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Travelers Companies by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock valued at $366,820,000 after acquiring an additional 26,117 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its position in shares of Travelers Companies by 4.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock valued at $286,475,000 after acquiring an additional 51,589 shares during the period. 82.45% of the stock is owned by institutional investors.

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Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $1.00 during trading on Wednesday, hitting $261.50. 1,602,195 shares of the stock were exchanged, compared to its average volume of 1,174,691. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The stock has a market capitalization of $59.29 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a fifty day moving average price of $247.11 and a 200-day moving average price of $246.54. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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 for the quarter, topping analysts' consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm'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 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, Janney Montgomery Scott cut shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price objective on the stock. in a research report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $261.05.

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.