Bearing Point Capital LLC Buys Shares of 1,935 The Travelers Companies, Inc. (NYSE:TRV)

Bearing Point Capital LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,935 shares of the insurance provider's stock, valued at approximately $466,000.

A number of other hedge funds have also added to or reduced their stakes in TRV. World Investment Advisors LLC purchased a new position in shares of Travelers Companies during the 3rd quarter valued at $501,000. Tidal Investments LLC increased its position in Travelers Companies by 42.7% during the third quarter. Tidal Investments LLC now owns 7,430 shares of the insurance provider's stock valued at $1,740,000 after acquiring an additional 2,225 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after purchasing an additional 38,515 shares during the period. Principal Financial Group Inc. raised its position in Travelers Companies by 3.6% in the 3rd quarter. Principal Financial Group Inc. now owns 281,463 shares of the insurance provider's stock worth $65,896,000 after purchasing an additional 9,660 shares during the period. Finally, Versant Capital Management Inc grew its position in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.3 %

TRV stock traded up $0.87 during midday trading on Wednesday, reaching $268.92. 1,038,214 shares of the company's stock traded hands, compared to its average volume of 1,289,428. The business has a 50-day moving average price of $257.03 and a two-hundred day moving average price of $251.42. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $270.46. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $60.93 billion, a P/E ratio of 12.53, a PEG 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 for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion during 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 prior year, the business earned $4.69 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.64%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is presently 23.95%.

Analyst Ratings Changes

TRV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. Piper Sandler upgraded shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price target for the company from $259.00 to $310.00 in a report on Friday, January 24th. The Goldman Sachs Group upgraded Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target 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.