3,275 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Stevens Capital Management LP

Stevens Capital Management LP bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,275 shares of the insurance provider’s stock, valued at approximately $789,000.

Several other institutional investors have also modified their holdings of the company. LPL Financial LLC boosted its stake in Travelers Companies by 0.7% during the 4th quarter. LPL Financial LLC now owns 197,793 shares of the insurance provider’s stock valued at $47,646,000 after purchasing an additional 1,455 shares during the period. Guardian Partners Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $1,107,000. Fox Run Management L.L.C. bought a new position in Travelers Companies in the 4th quarter worth approximately $618,000. KLP Kapitalforvaltning AS acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $18,688,000. Finally, American Century Companies Inc. raised its stake in Travelers Companies by 5.9% during the 4th quarter. American Century Companies Inc. now owns 377,482 shares of the insurance provider’s stock valued at $90,932,000 after acquiring an additional 21,194 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on TRV. Barclays raised their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $286.00 in a report on Wednesday, February 19th. Finally, 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 note on Wednesday, January 8th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $261.05.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $256.70 on Friday. The company’s fifty day moving average is $248.29 and its two-hundred day moving average is $247.06. The company has a market cap of $58.20 billion, a P/E ratio of 11.96, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the firm earned $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

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.