Freestone Capital Holdings LLC Has $5.80 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Freestone Capital Holdings LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,089 shares of the insurance provider’s stock after acquiring an additional 165 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Travelers Companies were worth $5,803,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. YANKCOM Partnership acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at $41,000. Asset Planning Inc acquired a new position in Travelers Companies during the 4th quarter worth about $44,000. Providence First Trust Co acquired a new position in Travelers Companies during the 4th quarter worth about $48,000. Finally, Catalyst Capital Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. 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. Finally, Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $261.05.

Travelers Companies Trading Up 0.9 %

Shares of TRV stock opened at $257.97 on Thursday. The company’s fifty day simple moving average is $244.16 and its two-hundred day simple moving average is $244.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The stock has a market capitalization of $58.49 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.63%. Travelers Companies’s payout ratio is currently 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.