Leigh Baldwin & CO. LLC Purchases Shares of 246,634 The Travelers Companies, Inc. (NYSE:TRV)

Leigh Baldwin & CO. LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 246,634 shares of the insurance provider's stock, valued at approximately $5,941,000. Leigh Baldwin & CO. LLC owned about 0.11% of Travelers Companies at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. YANKCOM Partnership acquired a new position in Travelers Companies in the fourth quarter valued at $27,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the fourth quarter worth $30,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the fourth quarter valued at about $37,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth approximately $44,000. Finally, Quarry LP boosted its stake in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock valued at $46,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Up 3.3%

Shares of TRV stock traded up $8.60 during trading on Thursday, hitting $271.19. 1,320,197 shares of the company were exchanged, compared to its average volume of 1,295,329. The business's 50-day simple moving average is $257.99 and its 200 day simple moving average is $251.79. The firm has a market capitalization of $61.44 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $273.50. 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 announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations 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 previous year, the business posted $4.69 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company 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 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. 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 report on Thursday, January 23rd. UBS Group dropped their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $274.00 to $290.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Finally, Barclays cut their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $267.32.

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.