Bryce Point Capital LLC Invests $489,000 in The Travelers Companies, Inc. (NYSE:TRV)

Bryce Point Capital LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 2,032 shares of the insurance provider's stock, valued at approximately $489,000.

Several other institutional investors and hedge funds have also bought and sold shares of TRV. Norges Bank bought a new position in shares of Travelers Companies during the 4th quarter worth about $560,918,000. Raymond James Financial Inc. bought a new position in Travelers Companies in the fourth quarter worth approximately $138,619,000. Proficio Capital Partners LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $96,012,000. Bryn Mawr Capital Management LLC increased its holdings in shares of Travelers Companies by 15,056.4% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider's stock valued at $57,394,000 after acquiring an additional 236,686 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Travelers Companies by 148.0% during the fourth quarter. Teacher Retirement System of Texas now owns 334,053 shares of the insurance provider's stock worth $80,470,000 after purchasing an additional 199,340 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TRV shares. Keefe, Bruyette & Woods lowered their price objective on shares of Travelers Companies from $286.00 to $274.00 and set an "outperform" rating on the stock in a report on Wednesday. The Goldman Sachs Group upgraded shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. StockNews.com lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday. Finally, UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $261.89.

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Travelers Companies Price Performance

Shares of TRV stock traded down $5.80 during trading hours on Thursday, reaching $242.30. The stock had a trading volume of 460,259 shares, compared to its average volume of 1,297,171. The stock's fifty day simple moving average is $251.57 and its 200 day simple moving average is $248.74. The firm has a market capitalization of $54.94 billion, a PE ratio of 11.26, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results 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 during 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 business's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $7.01 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid 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 yield of 1.73%. Travelers Companies's dividend payout ratio is currently 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.