Versor Investments LP Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Versor Investments LP increased its stake in The Travelers Companies, Inc. by 192.1%, owning 4,399 shares valued at $1,163,000 as of the end of the most recent quarter.
• Analysts have mixed views on Travelers stock, with an average rating of "Hold" and a consensus price target of $284.56 following various upgrades and downgrades.
• The Travelers Companies reported earnings of $6.51 per share for the last quarter, significantly exceeding analysts' estimates of $3.52 and showing a revenue increase of 7.4% year-over-year.

Versor Investments LP lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 192.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,399 shares of the insurance provider's stock after buying an additional 2,893 shares during the period. Versor Investments LP's holdings in Travelers Companies were worth $1,163,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRV. Bank of America Corp DE boosted its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after buying an additional 2,466,098 shares during the last quarter. GAMMA Investing LLC boosted its position in Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Nuveen LLC purchased a new position in Travelers Companies in the first quarter worth $294,755,000. Balyasny Asset Management L.P. boosted its position in Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research analyst reports. UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Stock Performance

NYSE:TRV opened at $265.57 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $215.39 and a 52-week high of $277.83. The firm has a market cap of $59.79 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 3.05 and a beta of 0.51. The business's fifty day moving average is $262.41 and its 200 day moving average is $259.43.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company posted $2.51 EPS. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock worth $47,929,912 in the last 90 days. 1.46% of the stock is owned by company insiders.

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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