Prudential Financial Inc. Buys 114,095 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Prudential Financial Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 73.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,995 shares of the insurance provider’s stock after buying an additional 114,095 shares during the quarter. Prudential Financial Inc.’s holdings in Travelers Companies were worth $65,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock worth $5,207,499,000 after purchasing an additional 117,108 shares during the period. Stevens Capital Management LP bought a new stake in Travelers Companies in the fourth quarter worth about $789,000. LPL Financial LLC boosted its position in shares of Travelers Companies by 0.7% during the fourth quarter. LPL Financial LLC now owns 197,793 shares of the insurance provider’s stock valued at $47,646,000 after buying an additional 1,455 shares during the period. Guardian Partners Inc. bought a new position in shares of Travelers Companies during the fourth quarter valued at approximately $1,107,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Travelers Companies in the fourth quarter worth approximately $618,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays upped their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Price Performance

TRV opened at $259.70 on Tuesday. The firm has a market capitalization of $58.88 billion, a PE ratio of 12.10, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. 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 business’s 50-day moving average is $248.83 and its two-hundred day moving average is $247.37. 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 issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the firm earned $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Travelers Companies Company 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.