Junto Capital Management LP Makes New $57.22 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Junto Capital Management LP acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 237,549 shares of the insurance provider's stock, valued at approximately $57,223,000. Junto Capital Management LP owned approximately 0.10% of Travelers Companies at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE raised its holdings in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. Norges Bank acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $560,918,000. Balyasny Asset Management L.P. grew its stake in shares of Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after buying an additional 907,266 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Travelers Companies in the fourth quarter worth approximately $138,619,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth $96,012,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.7%

TRV stock traded down $1.78 during midday trading on Wednesday, reaching $263.15. The company's stock had a trading volume of 102,004 shares, compared to its average volume of 1,392,378. The business's 50-day simple moving average is $257.88 and its 200-day simple moving average is $251.71. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $273.08. The stock has a market cap of $59.62 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the company earned $4.69 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

Analysts Set New Price Targets

TRV has been the subject of a number of recent research reports. Barclays decreased their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. StockNews.com raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday. Wells Fargo & Company raised their price target on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Finally, BMO Capital Markets boosted their price objective 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. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $267.32.

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.