The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Trimmed by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 262,081 shares of the insurance provider’s stock after selling 6,234 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Travelers Companies worth $63,133,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in Travelers Companies by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 17,929 shares of the insurance provider’s stock valued at $4,319,000 after buying an additional 2,456 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of Travelers Companies by 9.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 110,965 shares of the insurance provider’s stock valued at $26,730,000 after acquiring an additional 9,729 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Travelers Companies by 214.7% during the fourth quarter. Schroder Investment Management Group now owns 103,660 shares of the insurance provider’s stock valued at $24,865,000 after acquiring an additional 70,721 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Travelers Companies by 9.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 945,770 shares of the insurance provider’s stock valued at $227,827,000 after acquiring an additional 82,743 shares during the period. Finally, Allianz SE bought a new stake in Travelers Companies during the fourth quarter worth approximately $209,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $242.64 on Friday. 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 stock has a market capitalization of $55.01 billion, a P/E ratio of 11.30, a P/E/G ratio of 4.65 and a beta of 0.48. The business has a 50-day moving average of $252.38 and a two-hundred day moving average of $248.69. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS 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 company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter last year, the company posted $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $259.00 to $310.00 in a research report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 price objective (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Finally, BMO Capital Markets boosted their target price on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $260.00.

About Travelers Companies

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.