Deerfield Management Company L.P. Series C Purchases 543 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Deerfield Management Company L.P. Series C raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 43.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,794 shares of the insurance provider’s stock after buying an additional 543 shares during the period. Deerfield Management Company L.P. Series C’s holdings in Travelers Companies were worth $365,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in TRV. Nordea Investment Management AB increased its stake in shares of Travelers Companies by 38.7% in the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after buying an additional 95,451 shares during the period. Cetera Investment Advisers increased its position in Travelers Companies by 356.3% in the 1st quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after acquiring an additional 35,560 shares during the period. Wellington Management Group LLP increased its position in Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after acquiring an additional 25,575 shares during the period. Bank of Nova Scotia raised its stake in shares of Travelers Companies by 552.8% during the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after acquiring an additional 140,622 shares during the last quarter. Finally, Nomura Holdings Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth $874,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.33% of the stock is owned by insiders.

Travelers Companies Trading Up 0.0 %

Shares of Travelers Companies stock opened at $236.11 on Friday. The stock has a market capitalization of $53.82 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The stock has a 50 day moving average price of $222.96 and a two-hundred day moving average price of $218.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same period in the previous year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. Citigroup increased their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Bank of America lifted their price objective on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Barclays initiated coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Finally, William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $227.05.

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.