6,981 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Allstate Corp

Allstate Corp acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,981 shares of the insurance provider's stock, valued at approximately $1,682,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the fourth quarter worth 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 purchased a new position in Travelers Companies in the 3rd quarter valued at approximately $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies during the fourth quarter worth $44,000. Finally, Providence First Trust Co purchased a new position in Travelers Companies in the fourth quarter valued at $48,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded up $0.05 during midday trading on Tuesday, hitting $264.51. The stock had a trading volume of 999,854 shares, compared to its average volume of 1,276,441. 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 stock has a 50 day moving average price of $251.05 and a two-hundred day moving average price of $248.29. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The company has a market capitalization of $59.97 billion, a PE ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRV shares. Barclays increased their price target on Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. BMO Capital Markets increased their price target 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, Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.