Freestone Grove Partners LP acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,730 shares of the insurance provider's stock, valued at approximately $417,000.
Several other hedge funds have also recently bought and sold shares of TRV. Norges Bank bought a new position in shares of Travelers Companies in the 4th quarter valued at $560,918,000. Raymond James Financial Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $138,619,000. Proficio Capital Partners LLC acquired a new position in Travelers Companies during the 4th quarter worth approximately $96,012,000. Northern Trust Corp lifted its stake in Travelers Companies by 12.3% in the 4th quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock valued at $801,979,000 after purchasing an additional 364,379 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Travelers Companies by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock valued at $813,704,000 after buying an additional 243,484 shares in the last quarter. 82.45% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Wells Fargo & Company boosted their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. BMO Capital Markets upped their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the company an "outperform" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $267.32.
Read Our Latest Stock Analysis on Travelers Companies
Travelers Companies Stock Performance
TRV stock traded up $0.87 during mid-day trading on Wednesday, hitting $268.92. The company had a trading volume of 1,038,214 shares, compared to its average volume of 1,289,428. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $270.46. The stock's fifty day moving average price is $257.03 and its two-hundred day moving average price is $251.42. The firm has a market cap of $60.93 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the prior year, the company earned $4.69 EPS. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.
Travelers Companies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. Travelers Companies's payout ratio is presently 23.95%.
About Travelers Companies
(
Free Report)
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.
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