Geode Capital Management LLC Purchases 86,442 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Geode Capital Management LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,233,724 shares of the insurance provider’s stock after purchasing an additional 86,442 shares during the quarter. Geode Capital Management LLC’s holdings in Travelers Companies were worth $660,678,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Retirement Planning Co of New England Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Widmann Financial Services Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at $28,000. Concord Wealth Partners increased its stake in shares of Travelers Companies by 347.6% in the 4th quarter. Concord Wealth Partners now owns 188 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 146 shares in the last quarter. Godsey & Gibb Associates bought a new stake in shares of Travelers Companies in the 3rd quarter valued at $29,000. Finally, Magnolia Capital Management Ltd. bought a new stake in shares of Travelers Companies in the 4th quarter valued at $31,000. Institutional investors own 83.20% of the company’s stock.

In other news, SVP Douglas K. Russell sold 1,161 shares of the company’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $172.00, for a total transaction of $199,692.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $172.78, for a total value of $1,727,800.00. Following the sale, the executive vice president now owns 9,107 shares in the company, valued at $1,573,507.46. The disclosure for this sale can be found here. Insiders sold a total of 43,555 shares of company stock worth $7,679,185 over the last 90 days. 1.07% of the stock is currently owned by company insiders.

A number of brokerages have commented on TRV. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $172.00 to $180.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 12th. Morgan Stanley boosted their price target on shares of Travelers Companies from $180.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 20th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Raymond James upgraded shares of Travelers Companies from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 20th. Finally, Zacks Investment Research upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $199.00 price target for the company in a research note on Monday, March 28th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $178.64.

Shares of NYSE:TRV opened at $168.24 on Monday. The company’s 50-day moving average is $178.45 and its 200 day moving average is $168.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $40.37 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 3.64 and a beta of 0.70. The Travelers Companies, Inc. has a fifty-two week low of $144.44 and a fifty-two week high of $187.98.

Travelers Companies (NYSE:TRV – Get Rating) last issued its quarterly earnings results on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.61 by $0.61. The company had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.03 billion. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 13.48 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 10th will be paid a $0.93 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $0.88. This represents a $3.72 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, June 9th. Travelers Companies’s payout ratio is currently 22.28%.

About Travelers Companies (Get Rating)

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.

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