Trexquant Investment LP Acquires Shares of 68,621 The Travelers Companies, Inc. (NYSE:TRV)

Trexquant Investment LP acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 68,621 shares of the insurance provider's stock, valued at approximately $16,530,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC grew its stake in Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC grew its position in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after buying an additional 43 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after acquiring an additional 44 shares in the last quarter. Somerset Trust Co lifted its position in Travelers Companies by 5.2% during the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after acquiring an additional 45 shares during the period. Finally, Lake Street Advisors Group LLC boosted its stake in Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Remove Ads

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $20.46 on Friday, hitting $242.64. 2,471,769 shares of the company's stock were exchanged, compared to its average volume of 1,287,448. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a 50-day simple moving average of $252.38 and a 200-day simple moving average of $248.74. 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 stock has a market capitalization of $55.01 billion, a PE ratio of 11.30, a PEG ratio of 4.65 and a beta of 0.48.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 1.73%. Travelers Companies's dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TRV. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada reissued 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. Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the stock an "underweight" rating in a research report on Thursday, January 23rd. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.