The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 140,927 shares of the insurance provider’s stock after purchasing an additional 4,970 shares during the period. Franklin Resources Inc. owned about 0.06% of Travelers Companies worth $33,948,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Elevate Capital Advisors LLC acquired a new position in Travelers Companies during the fourth quarter worth $4,627,000. Erste Asset Management GmbH raised its position in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after purchasing an additional 100 shares during the last quarter. Orion Portfolio Solutions LLC lifted its stake in Travelers Companies by 34.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after buying an additional 4,665 shares in the last quarter. Czech National Bank boosted its holdings in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Travelers Companies by 43.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after buying an additional 47,985 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research analyst reports. Barclays lifted their price target on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday, March 24th. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company raised their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Price Performance

Travelers Companies stock opened at $242.64 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company’s 50 day simple moving average is $252.38 and its 200-day simple moving average is $248.74. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the firm earned $7.01 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.