Los Angeles Capital Management LLC Purchases 54,355 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Los Angeles Capital Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 465.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 66,032 shares of the insurance provider’s stock after buying an additional 54,355 shares during the period. Los Angeles Capital Management LLC’s holdings in Travelers Companies were worth $15,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Elevate Capital Advisors LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $4,627,000. Franklin Resources Inc. increased its position in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares during the period. Orion Portfolio Solutions LLC increased its position in shares of Travelers Companies by 34.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock valued at $4,248,000 after purchasing an additional 4,665 shares during the period. Czech National Bank increased its position in shares of Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after purchasing an additional 2,792 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of Travelers Companies during the third quarter valued at approximately $50,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 1.7 %

Shares of TRV opened at $252.35 on Wednesday. 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 Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The firm has a market capitalization of $57.21 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 4.65 and a beta of 0.64. The stock’s fifty day simple moving average is $242.25 and its 200-day simple moving average is $242.51.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the firm posted $7.01 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. BMO Capital Markets boosted their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Tuesday, December 10th. Wells Fargo & Company upped their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price target for the company from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $261.05.

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.