Globeflex Capital L P Acquires New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Globeflex Capital L P acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,000 shares of the insurance provider’s stock, valued at approximately $2,891,000.

A number of other hedge funds have also bought and sold shares of the business. Natixis Advisors LLC grew its position in shares of Travelers Companies by 0.4% during the 4th quarter. Natixis Advisors LLC now owns 98,386 shares of the insurance provider’s stock valued at $23,700,000 after purchasing an additional 347 shares in the last quarter. Greatmark Investment Partners Inc. lifted its holdings in shares of Travelers Companies by 2.7% during the 4th quarter. Greatmark Investment Partners Inc. now owns 59,181 shares of the insurance provider’s stock worth $14,256,000 after acquiring an additional 1,538 shares during the last quarter. Sienna Gestion lifted its holdings in shares of Travelers Companies by 30.4% during the 4th quarter. Sienna Gestion now owns 40,559 shares of the insurance provider’s stock worth $9,769,000 after acquiring an additional 9,459 shares during the last quarter. Madison Investment Advisors LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $725,000. Finally, Phillips Financial Management LLC bought a new stake in Travelers Companies in the fourth quarter worth $208,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 2.1 %

Shares of NYSE TRV opened at $261.26 on Friday. The firm’s 50 day moving average price is $246.26 and its 200-day moving average price is $245.73. The company has a market cap of $59.23 billion, a PE ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. 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) last issued its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.01 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TRV. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. The Goldman Sachs Group raised shares of 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. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $261.05.

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.