Geode Capital Management LLC Acquires 182,270 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Geode Capital Management LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,258,490 shares of the insurance provider’s stock after purchasing an additional 182,270 shares during the quarter. Geode Capital Management LLC owned 2.32% of Travelers Companies worth $1,269,321,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. YANKCOM Partnership purchased a new position in Travelers Companies in the fourth quarter worth about $27,000. Generali Investments Management Co LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc bought a new stake in Travelers Companies in the fourth quarter worth $44,000. Providence First Trust Co bought a new position in Travelers Companies during the fourth quarter valued at $48,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $55,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

TRV stock opened at $264.51 on Wednesday. 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 $59.97 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60. 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 firm has a 50-day simple moving average of $251.56 and a two-hundred day simple moving average of $248.47.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during 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%. Travelers Companies’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently commented on TRV shares. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. 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 report on Thursday, January 23rd. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a report on Monday, March 24th. BMO Capital Markets increased their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research note on Wednesday, January 8th. Four investment 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 data from MarketBeat, the company has an average rating of “Hold” and an average 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.