Point72 Asset Management L.P. Has $45.88 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Point72 Asset Management L.P. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 190,460 shares of the insurance provider’s stock after selling 44,413 shares during the period. Point72 Asset Management L.P. owned about 0.08% of Travelers Companies worth $45,880,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TRV. Yoffe Investment Management LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth $4,627,000. Erste Asset Management GmbH boosted its position in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after purchasing an additional 47,985 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its position in Travelers Companies by 16.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock worth $5,122,000 after purchasing an additional 3,046 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on TRV. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Barclays dropped their price target on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. BMO Capital Markets lifted their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. Finally, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and raised their target price for the company from $259.00 to $310.00 in a report on Friday, January 24th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $267.32.

Travelers Companies Stock Up 3.3%

TRV stock opened at $271.19 on Friday. The company has a market cap of $61.44 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $273.50. The business’s 50-day simple moving average is $258.28 and its 200 day simple moving average is $251.92.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The firm 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 in the previous year, the firm posted $4.69 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

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.