The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.6% during the 4th quarter, Holdings Channel reports. The fund owned 945,770 shares of the insurance provider’s stock after purchasing an additional 82,743 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Travelers Companies were worth $227,827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC grew its stake in shares of Travelers Companies by 52.5% during the 3rd quarter. Townsquare Capital LLC now owns 9,676 shares of the insurance provider’s stock worth $2,265,000 after purchasing an additional 3,332 shares during the period. Captrust Financial Advisors grew its position in Travelers Companies by 3.2% during the third quarter. Captrust Financial Advisors now owns 31,229 shares of the insurance provider’s stock valued at $7,311,000 after buying an additional 965 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its holdings in Travelers Companies by 83.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 374,205 shares of the insurance provider’s stock valued at $87,609,000 after buying an additional 170,705 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Travelers Companies in the third quarter worth about $1,909,000. Finally, Cobblestone Capital Advisors LLC NY boosted its stake in shares of Travelers Companies by 18.8% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 1,374 shares of the insurance provider’s stock worth $322,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on TRV shares. Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Barclays boosted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, HSBC downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Price Performance

Travelers Companies stock opened at $261.86 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $250.56 and a 200 day moving average price of $248.07. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The stock has a market cap of $59.37 billion, a P/E ratio of 12.20, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.01 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.60%. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.