Alyeska Investment Group L.P. Takes $12.04 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Alyeska Investment Group L.P. bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,000 shares of the insurance provider's stock, valued at approximately $12,044,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after purchasing an additional 117,108 shares during the last quarter. FMR LLC increased its position in Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock valued at $3,439,392,000 after acquiring an additional 229,160 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Travelers Companies by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after acquiring an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after purchasing an additional 70,036 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Travelers Companies by 7.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock valued at $813,704,000 after purchasing an additional 243,484 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on TRV. BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. Evercore ISI raised their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, UBS Group lowered their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Stock Down 0.4 %

NYSE TRV traded down $1.17 on Friday, reaching $269.65. The company had a trading volume of 774,507 shares, compared to its average volume of 1,292,348. The company's fifty day moving average is $257.51 and its 200-day moving average is $251.53. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $273.08. The firm has a market capitalization of $61.09 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the business posted $4.69 EPS. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.63%. Travelers Companies's payout ratio is 23.95%.

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.