Arrowstreet Capital Limited Partnership Has $227.83 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Arrowstreet Capital Limited Partnership increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 945,770 shares of the insurance provider's stock after purchasing an additional 82,743 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.42% of Travelers Companies worth $227,827,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in shares of Travelers Companies by 52.5% during the 3rd quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider's stock worth $2,265,000 after purchasing an additional 3,332 shares during the last quarter. Captrust Financial Advisors raised its stake in Travelers Companies by 3.2% in the third quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider's stock valued at $7,311,000 after buying an additional 965 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Travelers Companies by 83.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 374,205 shares of the insurance provider's stock valued at $87,609,000 after purchasing an additional 170,705 shares during the last quarter. Edgestream Partners L.P. bought a new position in Travelers Companies in the 3rd quarter valued at about $1,909,000. Finally, Cobblestone Capital Advisors LLC NY lifted its position in Travelers Companies by 18.8% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,374 shares of the insurance provider's stock worth $322,000 after acquiring an additional 217 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded Travelers Companies from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Four 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $260.00.

Travelers Companies Trading Up 0.0 %

Travelers Companies stock traded up $0.04 during trading hours on Wednesday, hitting $264.58. The stock had a trading volume of 1,048,029 shares, compared to its average volume of 1,277,425. The stock has a market cap 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 company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business's 50 day simple moving average is $251.56 and its 200-day simple moving average is $248.47. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56.

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

Travelers Companies Dividend Announcement

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

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.