Gryphon Financial Partners LLC Has $735,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Gryphon Financial Partners LLC cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,051 shares of the insurance provider’s stock after selling 190 shares during the period. Gryphon Financial Partners LLC’s holdings in Travelers Companies were worth $735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $27,000. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $44,000. Providence First Trust Co purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $48,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the third quarter worth $50,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 1.5 %

Shares of Travelers Companies stock opened at $258.65 on Monday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $243.21 and a two-hundred day moving average price of $243.41. The stock has a market capitalization of $58.64 billion, a P/E ratio of 12.05, a PEG ratio of 4.65 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during 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%. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.01 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 19.56%.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price on the stock in a report on Wednesday, January 8th. BMO Capital Markets raised their price target on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, 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. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.