Pinebridge Investments L.P. Makes New $18.53 Million Investment in The Travelers Companies, Inc. (NYSE:TRV)

Pinebridge Investments L.P. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 76,905 shares of the insurance provider's stock, valued at approximately $18,526,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. YANKCOM Partnership bought a new stake in Travelers Companies during the 4th quarter valued at approximately $27,000. Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $37,000. Asset Planning Inc purchased a new position in shares of Travelers Companies in the fourth quarter worth $44,000. Providence First Trust Co bought a new position in shares of Travelers Companies during the fourth quarter worth $48,000. Finally, IMG Wealth Management Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth $55,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 0.5 %

Travelers Companies stock traded down $1.21 during mid-day trading on Friday, hitting $259.19. The company's stock had a trading volume of 1,087,926 shares, compared to its average volume of 1,291,018. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The stock has a market cap of $58.72 billion, a PE ratio of 12.07, a P/E/G ratio of 4.65 and a beta of 0.48. The company has a 50 day moving average of $254.27 and a 200-day moving average of $250.39. 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 data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates 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 last year, the business posted $4.69 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company 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 $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.70%. 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 dividend payout ratio is currently 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. BMO Capital Markets boosted their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $274.00 to $290.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. The Goldman Sachs Group raised Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Travelers Companies 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.