American Century Companies Inc. Purchases 21,194 Shares of The Travelers Companies, Inc. (NYSE:TRV)

American Century Companies Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 377,482 shares of the insurance provider’s stock after acquiring an additional 21,194 shares during the period. American Century Companies Inc. owned approximately 0.17% of Travelers Companies worth $90,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Plancorp LLC purchased a new position in Travelers Companies during the 4th quarter worth $298,000. Mizuho Securities USA LLC grew its stake in shares of Travelers Companies by 45.6% during the fourth quarter. Mizuho Securities USA LLC now owns 21,516 shares of the insurance provider’s stock worth $5,183,000 after acquiring an additional 6,736 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Travelers Companies during the fourth quarter valued at about $547,000. Douglass Winthrop Advisors LLC raised its position in shares of Travelers Companies by 15.0% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 6,319 shares of the insurance provider’s stock valued at $1,522,000 after purchasing an additional 825 shares during the last quarter. Finally, Berkeley Capital Partners LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $1,029,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TRV shares. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted 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. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $260.00.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $259.70 on Tuesday. The firm has a market cap of $58.88 billion, a PE ratio of 12.10, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $248.83 and a 200 day moving average price of $247.37.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating 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 business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the business earned $7.01 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio 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.