Centiva Capital LP Buys 1,769 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Centiva Capital LP lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 114.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,314 shares of the insurance provider's stock after purchasing an additional 1,769 shares during the quarter. Centiva Capital LP's holdings in Travelers Companies were worth $798,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Yoffe Investment Management LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $1,202,000. Elevate Capital Advisors LLC acquired a new position in Travelers Companies in the fourth quarter worth $4,627,000. Erste Asset Management GmbH boosted its holdings in Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after purchasing an additional 100 shares during the period. Franklin Resources Inc. boosted its position in shares of Travelers Companies by 39.5% during the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider's stock worth $32,646,000 after buying an additional 38,515 shares during the period. Finally, Czech National Bank lifted its holdings in Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider's stock valued at $11,857,000 after acquiring an additional 2,792 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE:TRV traded down $1.67 on Monday, hitting $268.08. The stock had a trading volume of 1,320,947 shares, compared to its average volume of 1,292,462. The company has a market capitalization of $60.74 billion, a price-to-earnings ratio of 12.49, 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. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $276.17. The firm's 50 day moving average price is $257.51 and its 200-day moving average price is $251.50.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly 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 net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the company earned $4.69 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Evercore ISI lifted their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, Barclays decreased their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.