The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by 1832 Asset Management L.P.

1832 Asset Management L.P. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,110 shares of the insurance provider’s stock after buying an additional 1,309 shares during the period. 1832 Asset Management L.P.’s holdings in Travelers Companies were worth $2,787,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Vanguard Group Inc. boosted its holdings in Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after purchasing an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Travelers Companies by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after acquiring an additional 154,886 shares during the period. Norges Bank purchased a new position in Travelers Companies in the fourth quarter worth $282,593,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Travelers Companies by 2.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $4.62 during trading on Friday, hitting $213.85. The stock had a trading volume of 1,220,457 shares, compared to its average volume of 1,269,819. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The business’s 50-day moving average is $209.68 and its 200 day moving average is $214.40. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market cap of $48.74 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.12 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.15 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio is 31.20%.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TRV shares. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. TD Cowen cut shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Jefferies Financial Group dropped their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Morgan Stanley cut their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a research report on Friday, July 19th. Finally, Bank of America boosted their price target on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $220.94.

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.