Interval Partners LP Has $22.26 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Interval Partners LP grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 76,736 shares of the insurance provider’s stock after buying an additional 8,652 shares during the quarter. Interval Partners LP’s holdings in Travelers Companies were worth $22,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. increased its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $28,000. Entrust Financial LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $31,000. Finally, Navalign LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $35,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV stock opened at $306.55 on Thursday. The stock has a 50-day moving average price of $300.98 and a 200 day moving average price of $294.82. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market cap of $65.19 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 2.77 and a beta of 0.48. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $1.91 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a $1.25 dividend. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 14.88%.

Insider Transactions at Travelers Companies

In related news, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. This trade represents a 35.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider owned 48,737 shares in the company, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and raised their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Finally, Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $309.07.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.