Stonehaven Wealth & Tax Solutions LLC Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Stonehaven Wealth & Tax Solutions LLC purchased 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 and Exchange Commission (SEC). The institutional investor purchased 1,310 shares of the insurance provider's stock, valued at approximately $316,000.

Other hedge funds have also made changes to their positions in the company. YANKCOM Partnership purchased a new position in Travelers Companies in the fourth quarter worth approximately $27,000. Generali Investments Management Co LLC purchased a new position in Travelers Companies in the fourth quarter valued at $37,000. Asset Planning Inc purchased a new stake in Travelers Companies during the 4th quarter worth about $44,000. Providence First Trust Co acquired a new position in shares of Travelers Companies during the 4th quarter worth about $48,000. Finally, IMG Wealth Management Inc. purchased a new position in shares of Travelers Companies during the fourth quarter worth about $55,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock traded down $3.54 during mid-day trading on Monday, hitting $252.32. 680,701 shares of the company were exchanged, compared to its average volume of 1,284,028. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a market capitalization of $57.21 billion, a P/E ratio of 11.75, a PEG ratio of 4.65 and a beta of 0.48. The business's 50 day simple moving average is $252.42 and its two-hundred day simple moving average is $249.58. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS 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 the consensus estimate 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 prior year, the company posted $4.69 EPS. 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. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is 23.95%.

Analysts Set New Price Targets

Several research analysts have weighed in on TRV shares. Jefferies Financial Group lifted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday. Barclays lowered their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, 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 report on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus 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.