Crestwood Advisors Group LLC Buys 1,099 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Crestwood Advisors Group LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 79.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,484 shares of the insurance provider’s stock after acquiring an additional 1,099 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Travelers Companies were worth $598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. YANKCOM Partnership bought a new position in shares of Travelers Companies during the fourth quarter worth $27,000. True Wealth Design LLC bought a new position in Travelers Companies during the third quarter valued at $41,000. Asset Planning Inc bought a new position in Travelers Companies during the fourth quarter valued at $44,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies during the third quarter valued at $50,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 215 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.7 %

TRV stock opened at $252.35 on Wednesday. The company has a market capitalization of $57.21 billion, a PE ratio of 11.75, a P/E/G ratio of 4.65 and a beta of 0.64. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The firm’s 50-day moving average is $242.25 and its 200 day moving average is $242.51. 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 posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate 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 was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $7.01 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. BMO Capital Markets increased their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Piper Sandler upgraded shares of Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Janney Montgomery Scott lowered shares of 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. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $261.05.

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.