Stevens Capital Management LP Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Stevens Capital Management LP bought 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 & Exchange Commission. The fund bought 3,275 shares of the insurance provider's stock, valued at approximately $789,000.

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

Analyst Ratings Changes

TRV has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised shares of Travelers Companies from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $275.00 to $286.00 in a research note on Wednesday, February 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Monday. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $260.00.

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Travelers Companies Stock Performance

Travelers Companies stock traded up $0.65 during mid-day trading on Thursday, hitting $262.91. 910,844 shares of the company's stock traded hands, compared to its average volume of 1,184,498. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The stock has a market cap of $59.61 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 4.65 and a beta of 0.60. The firm has a 50 day simple moving average of $250.11 and a two-hundred day simple moving average of $247.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same quarter last year, the company posted $7.01 EPS. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. On average, 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Monday, March 10th. Travelers Companies's payout ratio is 19.56%.

About Travelers Companies

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.