The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Twinbeech Capital LP

Twinbeech Capital LP boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2,485.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,802 shares of the insurance provider's stock after purchasing an additional 107,478 shares during the quarter. Twinbeech Capital LP's holdings in Travelers Companies were worth $26,932,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies in the 4th quarter worth $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the 4th quarter worth $30,000. Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies in the 4th quarter worth $37,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies in the 4th quarter worth $44,000. Finally, Quarry LP increased its stake in shares of Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after acquiring an additional 152 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $273.57 on Monday. The business has a 50-day moving average of $258.66 and a 200 day moving average of $252.15. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $273.89. The stock has a market capitalization of $61.98 billion, a price-to-earnings ratio of 12.74, 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 current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.97 billion. During the same period last year, the business posted $4.69 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TRV shares. Wells Fargo & Company raised their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Finally, Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $267.32.

Travelers Companies Company 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.

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