The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 1,482.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,130 shares of the insurance provider’s stock after purchasing an additional 111,604 shares during the quarter. Travelers Companies comprises approximately 0.9% of Lighthouse Investment Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Lighthouse Investment Partners LLC’s holdings in Travelers Companies were worth $28,697,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRV. YANKCOM Partnership purchased a new stake in shares of Travelers Companies during the fourth quarter worth about $27,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies in the 4th quarter worth approximately $30,000. Generali Investments Management Co LLC purchased a new stake in Travelers Companies during the 4th quarter worth approximately $37,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter valued at approximately $44,000. Finally, Quarry LP raised its holdings in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider’s stock worth $46,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.4%

TRV stock opened at $269.65 on Monday. The firm has a market cap of $61.09 billion, a PE ratio of 12.56, 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 quick ratio of 0.33 and a current ratio of 0.33. The firm’s fifty day moving average is $257.51 and its 200 day moving average is $251.50. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $273.08.

Travelers Companies (NYSE:TRV) last released 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. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates 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 last year, the business earned $4.69 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS 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 1.63%. 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%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on TRV shares. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Barclays dropped their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a report on Thursday, April 17th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $267.32.

Travelers Companies Company 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.