Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is Travelers Companies Inc (TRV) A Good Stock To Buy?

As one would reasonably expect, key hedge funds have been driving this bullishness. Citadel Investment Group, managed by Ken Griffin, assembled the most valuable call position in Travelers Companies Inc (NYSE:TRV). Citadel Investment Group had $8.3 million invested in the company at the end of the quarter. Jim Simons’s Renaissance Technologies also initiated a $5.2 million position during the quarter. The following funds were also among the new TRV investors: John D. Gillespie’s Prospector Partners, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, and Benjamin A. Smith’s Laurion Capital Management.

Let’s now take a look at hedge fund activity in other stocks similar to Travelers Companies Inc (NYSE:TRV). We will take a look at Ecolab Inc. (NYSE:ECL), Cognizant Technology Solutions Corp (NASDAQ:CTSH), Las Vegas Sands Corp. (NYSE:LVS), and Anthem Inc (NYSE:ANTM). All of these stocks’ market caps are similar to TRV’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ECL 24 2407189 -1
CTSH 47 1355422 7
LVS 31 659604 8
ANTM 54 2648566 -4

As you can see these stocks had an average of 39 hedge funds with bullish positions and the average amount invested in these stocks was $1.76 billion. That figure was $542 million in TRV’s case. Anthem Inc (NYSE:ANTM) is the most popular stock in this table. On the other hand Ecolab Inc. (NYSE:ECL) is the least popular one with only 24 bullish hedge fund positions. Travelers Companies Inc (NYSE:TRV) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard ANTM might be a better candidate to consider a long position.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...