Point72 Asset Management L.P. Has $45.88 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Point72 Asset Management L.P. lessened its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 18.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,460 shares of the insurance provider's stock after selling 44,413 shares during the quarter. Point72 Asset Management L.P. owned about 0.08% of Travelers Companies worth $45,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Yoffe Investment Management LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $4,627,000. Erste Asset Management GmbH boosted its position in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after acquiring an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after acquiring an additional 47,985 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Travelers Companies by 16.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after acquiring an additional 3,046 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $0.84 during mid-day trading on Monday, reaching $274.47. 866,553 shares of the stock were exchanged, compared to its average volume of 1,291,275. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $275.00. The company has a market cap of $62.19 billion, a price-to-earnings ratio of 12.78, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The firm has a 50-day simple moving average of $258.66 and a 200 day simple moving average of $252.15. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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 the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the prior year, the firm earned $4.69 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.60%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. HSBC downgraded 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. Piper Sandler raised Travelers Companies from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $259.00 to $310.00 in a research report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Wells Fargo & Company raised their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Finally, Evercore ISI lifted their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $270.42.

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.