Versor Investments LP Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Versor Investments LP lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 49.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,506 shares of the insurance provider's stock after selling 1,500 shares during the quarter. Versor Investments LP's holdings in Travelers Companies were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $27,000. True Wealth Design LLC purchased a new stake in Travelers Companies in the 3rd quarter worth approximately $41,000. Asset Planning Inc purchased a new stake in Travelers Companies in the 4th quarter worth approximately $44,000. Catalyst Capital Advisors LLC purchased a new stake in Travelers Companies in the 3rd quarter worth approximately $50,000. Finally, Versant Capital Management Inc increased its holdings in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock worth $61,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.1 %

TRV traded down $2.81 during trading on Thursday, reaching $255.22. The company had a trading volume of 369,553 shares, compared to its average volume of 1,320,408. The stock has a market cap of $57.86 billion, a P/E ratio of 11.90, a PEG ratio of 4.65 and a beta of 0.60. The business has a 50 day simple moving average of $244.16 and a 200-day simple moving average of $244.09. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.65%. Travelers Companies's payout ratio is 19.56%.

Analysts Set New Price Targets

Several research firms recently issued reports on TRV. Royal Bank of Canada reissued a "sector perform" rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Janney Montgomery Scott downgraded Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 price target for the company. in a research note on Thursday, November 21st. Finally, BMO Capital Markets upped their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $261.05.

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.