The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,094,407 shares of the insurance provider's stock after purchasing an additional 8,772 shares during the quarter. Travelers Companies comprises about 0.9% of Jacobs Levy Equity Management Inc.'s holdings, making the stock its 19th biggest holding. Jacobs Levy Equity Management Inc. owned approximately 0.48% of Travelers Companies worth $263,632,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. YANKCOM Partnership purchased a new position in Travelers Companies during the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the fourth quarter worth about $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies during the fourth quarter worth about $37,000. Asset Planning Inc purchased a new position in Travelers Companies during the fourth quarter worth about $44,000. Finally, Quarry LP boosted its stake in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Down 0.6%

TRV stock traded down $1.67 during midday trading on Wednesday, reaching $263.25. 933,690 shares of the company were exchanged, compared to its average volume of 1,295,469. 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 1-year low of $200.21 and a 1-year high of $273.08. The stock's 50-day simple moving average is $257.99 and its 200 day simple moving average is $251.79. The company has a market cap of $59.64 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data 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 company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the company earned $4.69 earnings per share. On average, equities 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. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. 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

Several research analysts have recently commented on TRV shares. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $259.00 to $310.00 in a research note on Friday, January 24th. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Barclays lowered their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $267.32.

About Travelers Companies

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.