Bridgewealth Advisory Group LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Bridgewealth Advisory Group LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,439 shares of the insurance provider’s stock, valued at approximately $350,000.

Several other institutional investors have also recently bought and sold shares of TRV. Virtu Financial LLC raised its stake in Travelers Companies by 25.6% during the 3rd quarter. Virtu Financial LLC now owns 16,990 shares of the insurance provider’s stock valued at $3,978,000 after purchasing an additional 3,462 shares during the last quarter. Tudor Financial Inc. bought a new position in Travelers Companies during the 3rd quarter valued at about $983,000. World Investment Advisors LLC bought a new position in shares of Travelers Companies in the third quarter valued at approximately $501,000. Arvest Bank Trust Division acquired a new position in Travelers Companies in the third quarter worth $16,344,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Travelers Companies during the 3rd quarter worth about $2,174,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $264.16 on Wednesday. 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 company has a market capitalization of $59.85 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 4.65 and a beta of 0.48. The business’s 50-day moving average price is $255.12 and its two-hundred day moving average price is $250.78. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the firm posted $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.67%. Travelers Companies’s dividend payout ratio is 23.95%.

Analyst Ratings Changes

TRV has been the topic of several research reports. HSBC downgraded Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, April 17th. Evercore ISI increased their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $267.32.

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.