Net Worth Advisory Group Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Net Worth Advisory Group raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,402 shares of the insurance provider’s stock after acquiring an additional 68 shares during the quarter. Net Worth Advisory Group’s holdings in Travelers Companies were worth $1,301,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance grew its holdings in shares of Travelers Companies by 5.5% in the fourth quarter. Independent Advisor Alliance now owns 37,566 shares of the insurance provider’s stock worth $9,049,000 after acquiring an additional 1,954 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after acquiring an additional 47,985 shares during the period. Taika Capital LP bought a new stake in shares of Travelers Companies in the fourth quarter worth $2,346,000. Sound View Wealth Advisors Group LLC grew its holdings in shares of Travelers Companies by 3.6% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 2,900 shares of the insurance provider’s stock worth $699,000 after acquiring an additional 100 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Travelers Companies by 1.6% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,741 shares of the insurance provider’s stock worth $1,142,000 after acquiring an additional 74 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.3 %

Shares of TRV stock opened at $256.81 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $245.08 and its 200-day moving average price is $245.11. The stock has a market capitalization of $58.22 billion, a price-to-earnings ratio of 11.96, a price-to-earnings-growth 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, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm posted $7.01 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced 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 is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.64%. Travelers Companies’s dividend payout ratio (DPR) is 19.56%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Barclays lifted their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets lifted their target price on 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 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, Travelers Companies has a consensus rating of “Hold” and an average target price 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.