Adage Capital Partners GP L.L.C. Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Adage Capital Partners GP L.L.C. bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 120,113 shares of the insurance provider's stock, valued at approximately $28,934,000. Adage Capital Partners GP L.L.C. owned 0.05% of Travelers Companies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Travelers Companies by 1.2% in 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 period. Quent Capital LLC increased its stake in shares of Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after acquiring an additional 43 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after acquiring an additional 44 shares in the last quarter. Somerset Trust Co increased its stake in shares of Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock worth $221,000 after acquiring an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% in the 4th 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 in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $2.60 during midday trading on Thursday, hitting $261.53. The company had a trading volume of 354,088 shares, compared to its average volume of 1,283,281. 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 company has a market cap of $59.25 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 4.65 and a beta of 0.48. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a fifty day moving average of $255.61 and a two-hundred day moving average of $250.87.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period in the prior year, the business posted $4.69 EPS. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.68%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio is 23.95%.

Wall Street Analyst Weigh In

TRV has been the subject of several research reports. Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. StockNews.com upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Three 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $267.32.

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.