Trexquant Investment LP Acquires Shares of 68,621 The Travelers Companies, Inc. (NYSE:TRV)

Trexquant Investment LP purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 68,621 shares of the insurance provider’s stock, valued at approximately $16,530,000.

Several other institutional investors have also added to or reduced their stakes in TRV. YANKCOM Partnership acquired a new stake in Travelers Companies during the fourth quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $37,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co bought a new position in shares of Travelers Companies in the fourth quarter worth $48,000. Finally, IMG Wealth Management Inc. acquired a new position in Travelers Companies in the fourth quarter valued at about $55,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday, January 23rd. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $259.00 to $310.00 in a research note on Friday, January 24th. HSBC cut shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. Finally, BMO Capital Markets raised their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $264.51 on Wednesday. The firm has a market capitalization of $59.97 billion, a P/E ratio of 12.32, a P/E/G ratio of 4.65 and a beta of 0.60. The firm’s 50-day moving average price is $251.56 and its 200-day moving average price is $248.47. 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 Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56.

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, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the business earned $7.01 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Monday, March 10th. 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.