Fmr LLC Grows Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Fmr LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,277,851 shares of the insurance provider’s stock after acquiring an additional 229,160 shares during the quarter. Fmr LLC owned approximately 6.29% of Travelers Companies worth $3,439,392,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in Travelers Companies in the fourth quarter valued at approximately $560,918,000. Raymond James Financial Inc. acquired a new position in Travelers Companies during the fourth quarter worth about $138,619,000. Proficio Capital Partners LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $96,012,000. Bryn Mawr Capital Management LLC lifted its holdings in shares of Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock valued at $57,394,000 after purchasing an additional 236,686 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Travelers Companies by 148.0% during the fourth quarter. Teacher Retirement System of Texas now owns 334,053 shares of the insurance provider’s stock valued at $80,470,000 after acquiring an additional 199,340 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock opened at $242.64 on Friday. The firm has a 50 day moving average of $252.38 and a 200-day moving average of $248.74. The firm has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. 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 12 month low of $200.21 and a 12 month high of $269.56.

Travelers Companies (NYSE:TRV) last released 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 firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.01 EPS. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRV. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.