Fox Run Management L.L.C. Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Fox Run Management L.L.C. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,566 shares of the insurance provider's stock, valued at approximately $618,000.

A number of other large investors have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS acquired a new position in shares of Travelers Companies during the fourth quarter worth $18,688,000. American Century Companies Inc. lifted its holdings in Travelers Companies by 5.9% during the 4th quarter. American Century Companies Inc. now owns 377,482 shares of the insurance provider's stock worth $90,932,000 after buying an additional 21,194 shares during the period. Plancorp LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $298,000. Mizuho Securities USA LLC increased its stake in shares of Travelers Companies by 45.6% in the fourth quarter. Mizuho Securities USA LLC now owns 21,516 shares of the insurance provider's stock valued at $5,183,000 after buying an additional 6,736 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth about $547,000. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several analyst reports. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. StockNews.com cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Finally, The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price on the stock in a research report on Wednesday, January 8th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $260.00.

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Travelers Companies Stock Up 0.1 %

Shares of NYSE:TRV traded up $0.17 during midday trading on Thursday, hitting $262.43. 178,954 shares of the company's stock were exchanged, compared to its average volume of 1,180,790. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.56. The company has a market cap of $59.50 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50 day moving average price of $249.70 and a 200-day moving average price of $247.64.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for 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%. The business's revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.01 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date of this dividend is 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.