Brevan Howard Capital Management LP Purchases Shares of 8,059 The Travelers Companies, Inc. (NYSE:TRV)

Brevan Howard Capital Management LP acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,059 shares of the insurance provider's stock, valued at approximately $1,941,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bridgefront Capital LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at $433,000. Captrust Financial Advisors lifted its holdings in shares of Travelers Companies by 6.0% during the fourth quarter. Captrust Financial Advisors now owns 33,110 shares of the insurance provider's stock valued at $7,976,000 after purchasing an additional 1,881 shares during the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $1,959,000. Baird Financial Group Inc. increased its stake in Travelers Companies by 0.5% in the 4th quarter. Baird Financial Group Inc. now owns 86,777 shares of the insurance provider's stock worth $20,904,000 after purchasing an additional 428 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after buying an additional 907,266 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $1.17 on Friday, reaching $269.65. The stock had a trading volume of 774,507 shares, compared to its average volume of 1,290,461. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $273.08. The business's 50-day moving average price is $257.51 and its two-hundred day moving average price is $251.57. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $61.09 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the company earned $4.69 earnings per share. On average, sell-side analysts forecast 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 issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Analysts Set New Price Targets

Several research analysts have commented on TRV shares. UBS Group decreased their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Barclays reduced their target price on 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 downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $267.32.

Travelers Companies 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.