2 weeks Ago By ABMN Staff
Renaissance Technologies LLC trimmed its holdings in shares of The Travelers Companies, Inc. ( NYSE:TRV – Free Report ) by 52.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 17,772 shares of the insurance provider’s stock after selling 19,600 shares during the period. Renaissance Technologies LLC’s holdings in Travelers Companies were worth $4,281,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also recently added to or reduced their stakes in TRV.
Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $560,918,000. Raymond James Financial Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth $138,619,000.
Proficio Capital Partners LLC acquired a new stake in Travelers Companies during the 4th quarter valued at $96,012,000. Bryn Mawr Capital Management LLC increased its stake in Travelers Companies by 15,056.4% during the 4th quarter.
Bryn Mawr Capital Management LLC now owns 238,258 shares of the insurance provider’s stock worth $57,394,000 after buying an additional 236,686 shares during the period. Finally, FMR LLC lifted its holdings in Travelers Companies by 1.6% in the 4th quarter.
FMR LLC now owns 14,277,851 shares of the insurance provider’s stock worth $3,439,392,000 after buying an additional 229,160 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades TRV has been the topic of a number of analyst reports. Evercore ISI lifted their target price on Travelers Companies from $288.00 to $296.
00 and gave the stock an “outperform” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.
00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. 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 research note on Monday, March 24th. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.
00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company lifted their price target on Travelers Companies from $247.
00 to $260.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company.
According to MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $267.32.
Travelers Companies Stock Performance Shares of NYSE TRV opened at $249.90 on Tuesday. The Travelers Companies, Inc.
has a 1 year low of $200.21 and a 1 year high of $269.56.
The firm has a market cap of $56.66 billion, a P/E ratio of 11.64, a PEG ratio of 4.
65 and a beta of 0.48. The stock has a fifty day moving average price of $252.
61 and a two-hundred day moving average price of $249.67. The company has a debt-to-equity ratio of 0.
29, a quick ratio of 0.33 and a current ratio of 0.33.
Travelers Companies ( NYSE:TRV – Get Free Report ) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.
53 by $1.38. Travelers Companies had a return on equity of 19.
06% and a net margin of 10.77%. The firm had revenue of $10.
52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the company earned $4.
69 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.
02 EPS for the current fiscal year. Travelers Companies Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.
10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.
40 annualized dividend and a dividend yield of 1.76%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.
05. Travelers Companies’s dividend payout ratio is currently 23.95%.
Travelers Companies Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. ( NYSE:TRV – Free Report ). Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.
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