Bragg Financial Advisors Inc Lowers Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Bragg Financial Advisors Inc reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 992 shares of the insurance provider’s stock after selling 44 shares during the quarter. Bragg Financial Advisors Inc’s holdings in Travelers Companies were worth $239,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TRV. Yoffe Investment Management LLC purchased a new position in Travelers Companies during the fourth quarter worth about $1,202,000. Elevate Capital Advisors LLC purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $4,627,000. Erste Asset Management GmbH lifted its holdings in shares of Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares during the period. Franklin Resources Inc. boosted its stake in shares of Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after buying an additional 38,515 shares in the last quarter. Finally, Czech National Bank grew its holdings in Travelers Companies by 6.0% during the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after acquiring an additional 2,792 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on TRV shares. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a report on Monday, March 24th. BMO Capital Markets boosted 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays decreased their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company raised Travelers Companies from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $225.00 to $247.00 in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $263.37.

Travelers Companies Stock Performance

NYSE TRV opened at $250.61 on Tuesday. 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 company has a market capitalization of $56.82 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The business’s 50-day moving average price is $251.67 and its 200 day moving average price is $249.04. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $269.56.

Travelers Companies (NYSE:TRV) last released 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. The business had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $7.01 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Travelers Companies 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.