Dynamic Technology Lab Private Ltd Sells 3,173 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Dynamic Technology Lab Private Ltd reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 67.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,550 shares of the insurance provider's stock after selling 3,173 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Travelers Companies were worth $373,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Zacks Investment Management purchased a new position in Travelers Companies during the third quarter worth about $221,000. MML Investors Services LLC grew its holdings in shares of Travelers Companies by 1.2% during the third quarter. MML Investors Services LLC now owns 20,565 shares of the insurance provider's stock worth $4,815,000 after purchasing an additional 237 shares in the last quarter. Continuum Advisory LLC increased its position in shares of Travelers Companies by 1,122.2% in the third quarter. Continuum Advisory LLC now owns 330 shares of the insurance provider's stock worth $85,000 after purchasing an additional 303 shares during the last quarter. Geode Capital Management LLC raised its stake 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 valued at $1,187,865,000 after purchasing an additional 114,714 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in Travelers Companies by 14.3% during the third quarter. Coldstream Capital Management Inc. now owns 5,032 shares of the insurance provider's stock valued at $1,191,000 after purchasing an additional 630 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

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Travelers Companies Stock Up 0.4 %

Travelers Companies stock traded up $1.06 during mid-day trading on Tuesday, reaching $251.90. The stock had a trading volume of 173,873 shares, compared to its average volume of 1,299,199. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a 50-day moving average price of $251.67 and a two-hundred day moving average price of $249.04. The company has a market capitalization of $57.11 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 4.65 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.

Analyst Ratings Changes

Several research firms have recently weighed in on TRV. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Wells Fargo & Company upgraded shares of Travelers Companies from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $225.00 to $247.00 in a research report on Wednesday, April 9th. UBS Group dropped their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets upped 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, The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research note on Wednesday, January 8th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $263.37.

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.