Granite Investment Partners LLC Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Granite Investment Partners LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the fourth quarter, Holdings Channel reports. The firm owned 12,154 shares of the insurance provider’s stock after acquiring an additional 190 shares during the period. Granite Investment Partners LLC’s holdings in Travelers Companies were worth $2,928,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Travelers Companies by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider’s stock valued at $822,000 after purchasing an additional 41 shares during the period. Quent Capital LLC grew its position in Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock valued at $328,000 after purchasing an additional 43 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in Travelers Companies by 5.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after buying an additional 44 shares during the period. Somerset Trust Co lifted its position in Travelers Companies by 5.2% in the 4th quarter. Somerset Trust Co now owns 918 shares of the insurance provider’s stock worth $221,000 after buying an additional 45 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after buying an additional 46 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. Barclays dropped their price target on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $225.00 to $247.00 in a research note on Wednesday, April 9th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Travelers Companies from $286.00 to $274.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $263.37.

Travelers Companies Price Performance

NYSE TRV opened at $244.96 on Monday. The stock has a market capitalization of $55.54 billion, a PE ratio of 11.41, a P/E/G ratio of 4.65 and a beta of 0.48. The stock has a 50-day simple moving average of $251.59 and a 200 day simple moving average of $248.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

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

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a $1.05 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.71%. Travelers Companies’s dividend payout ratio is 19.56%.

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.