Headlands Technologies LLC Acquires New Stake in The Travelers Companies, Inc. (NYSE:TRV)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. State Street Corp increased its position in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after buying an additional 120,228 shares during the period. Geode Capital Management LLC lifted its stake in Travelers Companies by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock valued at $1,269,321,000 after buying an additional 182,270 shares during the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $560,918,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Travelers Companies by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider's stock worth $366,820,000 after acquiring an additional 26,117 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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Travelers Companies Price Performance

TRV traded up $0.04 during trading on Wednesday, reaching $264.58. 1,048,029 shares of the stock were exchanged, compared to its average volume of 1,278,071. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $59.99 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The business's 50 day moving average price is $251.92 and its two-hundred day moving average price is $248.59.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts' consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion for the quarter, compared to analysts' expectations of $10.80 billion. During the same period in the prior year, the company earned $7.01 EPS. The firm's revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio is presently 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TRV. Wells Fargo & Company increased their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $260.00.

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.