JT Stratford LLC Buys 49 Shares of The Travelers Companies, Inc. (NYSE:TRV)

JT Stratford LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,044 shares of the insurance provider’s stock after purchasing an additional 49 shares during the quarter. JT Stratford LLC’s holdings in Travelers Companies were worth $1,456,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in TRV. Bank of America Corp DE raised its stake in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. Norges Bank purchased a new position in shares of Travelers Companies during the fourth quarter worth approximately $560,918,000. Balyasny Asset Management L.P. raised its stake in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after acquiring an additional 907,266 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth $138,619,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $96,012,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $271.25 on Thursday. The stock has a market cap of $61.46 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 4.65 and a beta of 0.53. The firm’s 50-day moving average is $259.65 and its 200 day moving average is $252.63. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $275.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter in the previous year, the business posted $4.69 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.62%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price 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. Evercore ISI lifted their target price 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 raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Jefferies Financial Group lifted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Finally, Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Three investment 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 data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $270.42.

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.