Alliancebernstein L.P. Has $63.13 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Alliancebernstein L.P. reduced its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 262,081 shares of the insurance provider's stock after selling 6,234 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Travelers Companies worth $63,133,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Benjamin Edwards Inc. acquired a new position in shares of Travelers Companies in the 3rd quarter worth $1,574,000. HighTower Advisors LLC increased its stake in Travelers Companies by 7.2% in the 3rd quarter. HighTower Advisors LLC now owns 124,234 shares of the insurance provider's stock worth $29,025,000 after purchasing an additional 8,369 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in Travelers Companies by 0.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,544 shares of the insurance provider's stock worth $1,532,000 after buying an additional 52 shares during the period. Royal London Asset Management Ltd. lifted its stake in Travelers Companies by 7.4% during the third quarter. Royal London Asset Management Ltd. now owns 143,621 shares of the insurance provider's stock valued at $33,625,000 after buying an additional 9,872 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Travelers Companies by 34.9% in the third quarter. Quantinno Capital Management LP now owns 13,232 shares of the insurance provider's stock worth $3,098,000 after buying an additional 3,422 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. BMO Capital Markets lifted their target price 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, Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $261.89.

Travelers Companies Stock Performance

Travelers Companies stock traded down $4.20 during trading hours on Thursday, hitting $243.90. The stock had a trading volume of 354,871 shares, compared to its average volume of 1,296,714. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a market cap of $55.30 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a 50-day moving average of $251.57 and a two-hundred day moving average of $248.74. 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 earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion during the quarter, compared to analysts' expectations of $10.80 billion. During the same period last year, the business earned $7.01 earnings per share. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio is 19.56%.

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.