AlphaQuest LLC Lowers Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

AlphaQuest LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 63.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 637 shares of the insurance provider's stock after selling 1,100 shares during the period. AlphaQuest LLC's holdings in Travelers Companies were worth $153,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp grew its position in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider's stock worth $3,644,532,000 after acquiring an additional 120,228 shares during the period. FMR LLC grew its position in Travelers Companies by 12.6% in the third quarter. FMR LLC now owns 14,048,691 shares of the insurance provider's stock worth $3,289,079,000 after acquiring an additional 1,568,909 shares during the period. Geode Capital Management LLC grew its position in Travelers Companies by 2.3% in the third quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider's stock worth $1,187,865,000 after acquiring an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 1.7% in 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 period. Finally, Bahl & Gaynor Inc. boosted its position in shares of Travelers Companies by 4.5% during the fourth quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider's stock worth $286,475,000 after buying an additional 51,589 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. Wells Fargo & Company raised 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 target on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. HSBC upgraded Travelers Companies from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Tuesday, December 10th. Hsbc Global Res upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $261.05.

Travelers Companies Stock Performance

Shares of NYSE TRV traded down $2.84 during midday trading on Friday, reaching $256.70. 3,648,154 shares of the company were exchanged, compared to its average volume of 1,184,314. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The stock has a fifty day simple moving average of $247.81 and a 200 day simple moving average of $246.73. The stock has a market cap of $58.20 billion, a P/E ratio of 11.96, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly 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 return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter last year, the company posted $7.01 earnings per share. The business's revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 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.