68,621 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 68,621 shares of the insurance provider’s stock, valued at approximately $16,530,000.

Other large investors also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter valued at about $27,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth about $37,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $44,000. Providence First Trust Co bought a new position in Travelers Companies during the fourth quarter valued at approximately $48,000. Finally, IMG Wealth Management Inc. purchased a new position in Travelers Companies during the 4th quarter valued at approximately $55,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRV shares. Barclays increased their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. 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 lifted their target price on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $260.00.

Travelers Companies Stock Up 0.0 %

Travelers Companies stock opened at $264.51 on Wednesday. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock 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’s 50-day moving average price is $251.56 and its two-hundred day moving average price is $248.47. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share 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 analyst estimates of $10.80 billion. During the same quarter last year, the company posted $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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