Dimensional Fund Advisors LP Raises Position in The Travelers Companies, Inc. (NYSE:TRV)

Dimensional Fund Advisors LP boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,377,966 shares of the insurance provider’s stock after purchasing an additional 243,484 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.49% of Travelers Companies worth $813,704,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TRV. Vanguard Group Inc. lifted 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 valued at $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. FMR LLC lifted its stake in shares of Travelers Companies by 1.6% in 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 period. Geode Capital Management LLC boosted its stake in shares of Travelers Companies by 3.6% during the 4th 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 in the last quarter. Norges Bank purchased a new position in shares of Travelers Companies in the fourth quarter valued at $560,918,000. Finally, Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 26,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.4 %

NYSE TRV opened at $256.05 on Friday. The stock’s 50 day simple moving average is $252.42 and its 200 day simple moving average is $249.36. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The firm has a market cap of $58.05 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, June 10th. Travelers Companies’s dividend payout ratio is 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent research reports. HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price on the stock. in a research note on Monday, March 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $267.32.

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.