RFG Bristol Wealth Advisors LLC Takes $1.50 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

RFG Bristol Wealth Advisors LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 6,231 shares of the insurance provider’s stock, valued at approximately $1,501,000.

Several other hedge funds have also recently added to or reduced their stakes in TRV. Vanguard Group Inc. grew its stake in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the period. State Street Corp grew its position in Travelers Companies by 0.8% in the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock valued at $3,644,532,000 after acquiring an additional 120,228 shares during the period. Geode Capital Management LLC raised its stake in Travelers Companies by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock worth $1,269,321,000 after acquiring an additional 182,270 shares in the last quarter. Norges Bank bought a new position in shares of Travelers Companies during the fourth quarter valued at $560,918,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Travelers Companies by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock valued at $366,820,000 after purchasing an additional 26,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRV. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. BMO Capital Markets raised their price objective 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. Barclays boosted their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Finally, HSBC lowered Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Monday, March 24th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $260.00.

Travelers Companies Trading Up 0.0 %

NYSE:TRV opened at $264.51 on Wednesday. The firm has a market capitalization of $59.97 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 4.65 and a beta of 0.60. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.56. The business’s 50-day moving average price is $251.56 and its two-hundred day moving average price is $248.47. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

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.