1,172 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Evoke Wealth LLC

Evoke Wealth LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,172 shares of the insurance provider’s stock, valued at approximately $282,000.

Several other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter valued at about $27,000. True Wealth Design LLC bought a new stake in Travelers Companies during the third quarter valued at about $41,000. Asset Planning Inc bought a new stake in Travelers Companies during the fourth quarter valued at about $44,000. Providence First Trust Co bought a new stake in Travelers Companies during the fourth quarter valued at about $48,000. Finally, IMG Wealth Management Inc. bought a new stake in Travelers Companies during the fourth quarter valued at about $55,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. 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. Keefe, Bruyette & Woods raised Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $275.00 to $286.00 in a report on Wednesday, February 19th. Wells Fargo & Company boosted their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Barclays boosted their price objective 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, Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $259.00 to $310.00 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Trading Up 0.4 %

Shares of TRV stock opened at $261.50 on Thursday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. 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 stock’s 50 day simple moving average is $247.48 and its two-hundred day simple moving average is $246.64. The company has a market cap of $59.29 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same period in the prior year, the business posted $7.01 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.61%. Travelers Companies’s dividend payout ratio is 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.