Two Sigma Advisers LP Has $2.24 Million Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Two Sigma Advisers LP lowered its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 88.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,300 shares of the insurance provider's stock after selling 72,800 shares during the period. Two Sigma Advisers LP's holdings in Travelers Companies were worth $2,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. YANKCOM Partnership acquired a new position in Travelers Companies in the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $30,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $37,000. Asset Planning Inc purchased a new position in Travelers Companies in the 4th quarter worth about $44,000. Finally, Quarry LP raised its holdings in Travelers Companies by 400.0% during the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after buying an additional 152 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the sale, the executive vice president now directly owns 6,075 shares of the company's stock, valued at $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the transaction, the chief executive officer now directly owns 262,329 shares of the company's stock, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on TRV. Wells Fargo & Company raised their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $271.11.

Travelers Companies Stock Performance

Travelers Companies stock traded up $1.54 on Friday, reaching $275.95. 2,689,910 shares of the stock were exchanged, compared to its average volume of 1,299,454. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $277.61. The firm has a fifty day moving average price of $261.14 and a two-hundred day moving average price of $253.51. The stock has a market cap of $62.52 billion, a PE ratio of 12.85, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The business 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 previous year, the firm earned $4.69 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS 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 is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. Travelers Companies's dividend payout ratio (DPR) is presently 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.