Oxford Asset Management LLP bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,132 shares of the insurance provider's stock, valued at approximately $514,000.
A number of other institutional investors have also recently made changes to their positions in TRV. YANKCOM Partnership bought a new position in Travelers Companies during the 4th quarter valued at about $27,000. Generali Investments Management Co LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $37,000. Asset Planning Inc purchased a new stake in Travelers Companies in the fourth quarter worth approximately $44,000. Providence First Trust Co purchased a new stake in Travelers Companies in the fourth quarter worth approximately $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies in the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 82.45% of the company's stock.
Travelers Companies Stock Performance
NYSE:TRV opened at $259.19 on Friday. The stock has a 50-day moving average price of $254.27 and a 200 day moving average price of $250.39. 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 12-month low of $200.21 and a 12-month high of $269.56. The stock has a market capitalization of $58.72 billion, a P/E ratio of 12.07, a P/E/G ratio of 4.65 and a beta of 0.48.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the business posted $4.69 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.
Travelers Companies Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.70%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is presently 23.95%.
Analyst Ratings Changes
TRV has been the subject of several research analyst reports. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday, April 17th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. BMO Capital Markets boosted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $267.32.
Read Our Latest Stock Report on TRV
About Travelers Companies
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).
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