Jacobs Levy Equity Management Inc. Buys 8,772 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Jacobs Levy Equity Management Inc. lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,094,407 shares of the insurance provider’s stock after buying an additional 8,772 shares during the period. Travelers Companies comprises approximately 0.9% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 19th largest position. Jacobs Levy Equity Management Inc.’s holdings in Travelers Companies were worth $263,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new position in Travelers Companies in the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies during the 4th quarter worth approximately $30,000. Generali Investments Management Co LLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth approximately $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Finally, Quarry LP boosted its position in shares of Travelers Companies by 400.0% during the fourth quarter. Quarry LP now owns 190 shares of the insurance provider’s stock valued at $46,000 after buying an additional 152 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.4 %

Travelers Companies stock opened at $269.65 on Friday. The firm has a 50 day simple moving average of $257.51 and a 200 day simple moving average of $251.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $273.08. The firm has a market capitalization of $61.09 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the company posted $4.69 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. UBS Group dropped their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets lifted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Barclays reduced their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $267.32.

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.