Woodline Partners LP Invests $60.66 Million in The Travelers Companies, Inc. (NYSE:TRV)

Woodline Partners LP bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 251,812 shares of the insurance provider's stock, valued at approximately $60,659,000. Woodline Partners LP owned about 0.11% of Travelers Companies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its position in shares of Travelers Companies by 236.9% during the 4th 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. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $560,918,000. Balyasny Asset Management L.P. grew its position in Travelers Companies by 153.8% in the 4th 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. Raymond James Financial Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter worth approximately $138,619,000. Finally, Proficio Capital Partners LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $96,012,000. Institutional investors own 82.45% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TRV shares. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. 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. Morgan Stanley increased their price objective on Travelers Companies from $245.00 to $269.00 and gave the company an "equal weight" rating in a research report on Monday. UBS Group cut their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $270.42.

Travelers Companies Trading Up 0.3%

NYSE TRV opened at $274.47 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $275.03. 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 company has a market capitalization of $62.19 billion, a PE ratio of 12.78, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The firm's fifty day simple moving average is $259.10 and its 200-day simple moving average is $252.35.

Travelers Companies (NYSE:TRV - Get Free Report) last posted 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. 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 period in the prior year, the business posted $4.69 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared 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. 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.60%. Travelers Companies's dividend payout ratio is 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.

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