Patten & Patten Inc. TN Has $289,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Patten & Patten Inc. TN grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 18.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,201 shares of the insurance provider’s stock after acquiring an additional 189 shares during the period. Patten & Patten Inc. TN’s holdings in Travelers Companies were worth $289,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Travelers Companies during the fourth quarter worth approximately $27,000. True Wealth Design LLC acquired a new stake in shares of Travelers Companies in the third quarter valued at approximately $41,000. Asset Planning Inc acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Providence First Trust Co acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $48,000. Finally, Versant Capital Management Inc raised its position in shares of Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV opened at $261.26 on Monday. The firm’s fifty day moving average price is $246.26 and its two-hundred day moving average price is $246.03. The stock has a market cap of $59.23 billion, a PE ratio of 12.17, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid 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 1.61%. Travelers Companies’s dividend payout ratio is 19.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Royal Bank of Canada reiterated a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. 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. Finally, BMO Capital Markets boosted 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. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target 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.