Alyeska Investment Group L.P. Purchases New Position in The Travelers Companies, Inc. (NYSE:TRV)

Alyeska Investment Group L.P. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,000 shares of the insurance provider’s stock, valued at approximately $12,044,000.

A number of other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock worth $822,000 after purchasing an additional 41 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after buying an additional 43 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of Travelers Companies by 5.1% in the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares during the period. Somerset Trust Co grew its stake in shares of Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock valued at $221,000 after acquiring an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its position in Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock worth $555,000 after acquiring an additional 46 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.1 %

Shares of NYSE TRV opened at $267.58 on Tuesday. The company has a 50 day simple moving average of $256.56 and a 200 day simple moving average of $251.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. 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 $60.63 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released 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. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the firm earned $4.69 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current 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 given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

Analyst Ratings Changes

A number of brokerages have issued reports on TRV. UBS Group decreased their target price on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a report on Tuesday, April 8th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Monday. Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Finally, The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $267.32.

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.