Point72 Asia Singapore Pte. Ltd. Sells 1,142 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,011 shares of the insurance provider's stock after selling 1,142 shares during the quarter. Point72 Asia Singapore Pte. Ltd.'s holdings in Travelers Companies were worth $1,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. YANKCOM Partnership bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in Travelers Companies during the fourth quarter valued at approximately $30,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $37,000. Asset Planning Inc acquired a new position in shares of Travelers Companies during the fourth quarter worth $44,000. Finally, Quarry LP lifted its holdings in shares of Travelers Companies by 400.0% during the 4th 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 last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TRV. UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Finally, BMO Capital Markets raised their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Three 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. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $267.32.

Travelers Companies Stock Performance

TRV opened at $263.25 on Thursday. The firm has a fifty day moving average price of $257.99 and a 200 day moving average price of $251.79. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $273.08. The stock has a market cap of $59.64 billion, a P/E ratio of 12.26, a P/E/G 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 issued 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. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the prior year, the firm posted $4.69 earnings per share. Equities research analysts anticipate 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. This represents a $4.40 annualized dividend and a yield of 1.67%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

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.

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