Freestone Grove Partners LP Buys Shares of 1,730 The Travelers Companies, Inc. (NYSE:TRV)

Freestone Grove Partners LP acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,730 shares of the insurance provider’s stock, valued at approximately $417,000.

Other large investors have also added to or reduced their stakes in the company. Yoffe Investment Management LLC acquired a new position in shares of Travelers Companies during the 4th quarter worth about $1,202,000. Elevate Capital Advisors LLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $4,627,000. Erste Asset Management GmbH increased its position in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after purchasing an additional 100 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Finally, Czech National Bank boosted its holdings in shares of Travelers Companies by 6.0% in the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after buying an additional 2,792 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $267.47 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company’s 50 day moving average price is $256.18 and its two-hundred day moving average price is $251.16. The firm has a market cap of $60.60 billion, a PE ratio of 12.46, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for 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 quarter last year, the company earned $4.69 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given 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 of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.65%. Travelers Companies’s dividend payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of several analyst reports. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Barclays cut their price objective on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, BMO Capital Markets boosted their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $267.32.

Travelers Companies Company 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.