Schonfeld Strategic Advisors LLC Sells 21,944 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Schonfeld Strategic Advisors LLC lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 34.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,106 shares of the insurance provider's stock after selling 21,944 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Travelers Companies were worth $9,902,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. YANKCOM Partnership acquired a new position in Travelers Companies during the fourth quarter worth $27,000. Generali Investments Management Co LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $37,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the fourth quarter worth about $44,000. Quarry LP increased its position in Travelers Companies by 400.0% in the 4th quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after acquiring an additional 152 shares during the period. Finally, Providence First Trust Co acquired a new position in Travelers Companies during the fourth quarter worth about $48,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $0.25 during trading hours on Tuesday, reaching $267.79. The company's stock had a trading volume of 154,802 shares, compared to its average volume of 1,282,123. 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 company's 50 day simple moving average is $256.56 and its 200 day simple moving average is $251.18. The stock has a market cap of $60.67 billion, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $270.47.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the company posted $4.69 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. 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 yield of 1.64%. Travelers Companies's dividend payout ratio is presently 23.95%.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRV. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research report on Wednesday, January 8th. Barclays dropped 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 downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $267.32.

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.