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

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 6,231 shares of the insurance provider's stock, valued at approximately $1,501,000.

A number of other institutional investors have also made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC increased its stake in Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares during the period. Quent Capital LLC increased its position in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after acquiring an additional 43 shares during the last quarter. Salem Investment Counselors Inc. increased its position in shares of Travelers Companies by 5.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider's stock worth $218,000 after acquiring an additional 44 shares during the last quarter. Somerset Trust Co boosted its holdings in Travelers Companies by 5.2% in the fourth quarter. Somerset Trust Co now owns 918 shares of the insurance provider's stock valued at $221,000 after purchasing an additional 45 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its stake in Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock valued at $555,000 after purchasing an additional 46 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. 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 research report on Thursday, January 23rd. Wells Fargo & Company upped their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a report on Thursday, January 23rd. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $275.00 to $286.00 in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $260.00.

Travelers Companies Stock Performance

Shares of TRV traded down $20.46 during midday trading on Friday, hitting $242.64. 2,471,769 shares of the stock traded hands, compared to its average volume of 1,287,448. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. 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 $252.38 and its two-hundred day moving average price is $248.74. The firm has a market capitalization of $55.01 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during 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%. Travelers Companies's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $7.01 EPS. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm 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 yield of 1.73%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies's dividend payout ratio 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.