10,347 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,347 shares of the insurance provider's stock, valued at approximately $2,492,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the fourth quarter worth about $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $37,000. True Wealth Design LLC purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the 4th quarter valued at $44,000. Finally, Providence First Trust Co purchased a new stake in shares of Travelers Companies during the fourth quarter worth $48,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 7.8 %

NYSE:TRV traded down $20.46 during trading hours on Friday, reaching $242.64. The company's stock had a trading volume of 2,471,769 shares, compared to its average volume of 1,287,448. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $55.01 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48. The firm has a 50-day simple moving average of $252.38 and a 200-day simple moving average of $248.74. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the previous year, the firm earned $7.01 EPS. The business's quarterly revenue was up 9.9% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.73%. Travelers Companies's payout ratio is 19.56%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Piper Sandler upgraded Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. 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. StockNews.com lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Barclays upped their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $260.00.

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.