Stokes Family Office LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Stokes Family Office LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 929 shares of the insurance provider’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Empowered Funds LLC raised its position in shares of Travelers Companies by 167.4% during the 3rd quarter. Empowered Funds LLC now owns 10,265 shares of the insurance provider’s stock worth $2,403,000 after purchasing an additional 6,426 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Travelers Companies by 8.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,008 shares of the insurance provider’s stock worth $3,982,000 after purchasing an additional 1,360 shares during the last quarter. Prospera Financial Services Inc raised its position in shares of Travelers Companies by 61.1% during the 3rd quarter. Prospera Financial Services Inc now owns 4,729 shares of the insurance provider’s stock worth $1,109,000 after purchasing an additional 1,794 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Travelers Companies by 16.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,450 shares of the insurance provider’s stock worth $808,000 after purchasing an additional 476 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Travelers Companies during the 3rd quarter worth approximately $2,932,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.4 %

Shares of Travelers Companies stock opened at $261.50 on Thursday. The company has a fifty day moving average price of $247.48 and a 200 day moving average price of $246.64. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56. The stock has a market cap of $59.29 billion, a price-to-earnings ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the prior year, the company earned $7.01 EPS. The firm’s revenue was up 9.9% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared 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 of this dividend 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%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research report on Thursday, November 21st. Barclays lifted their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. HSBC raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Tuesday, December 10th. Finally, 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. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $261.05.

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.