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

Bragg Financial Advisors Inc lessened its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.2% in the fourth quarter, Holdings Channel reports. The fund 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 SEC filing.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. BMO Capital Markets raised their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price objective on shares of Travelers Companies from $286.00 to $274.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company raised shares of Travelers Companies from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $225.00 to $247.00 in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group increased their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $263.37.

Travelers Companies Price Performance

NYSE TRV opened at $250.61 on Tuesday. The company has a 50-day moving average price of $251.67 and a two-hundred day moving average price of $249.04. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.56. The stock has a market cap of $56.82 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29.

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, topping analysts’ consensus estimates of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $7.01 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, March 10th. Travelers Companies’s dividend payout ratio is currently 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.