Sound View Wealth Advisors Group LLC Has $699,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Sound View Wealth Advisors Group LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,900 shares of the insurance provider’s stock after acquiring an additional 100 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Travelers Companies were worth $699,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. YANKCOM Partnership acquired a new stake in Travelers Companies in the 4th quarter valued at about $27,000. True Wealth Design LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at about $41,000. Asset Planning Inc acquired a new stake in Travelers Companies in the 4th quarter valued at about $44,000. Providence First Trust Co acquired a new stake in Travelers Companies during the fourth quarter worth approximately $48,000. Finally, Versant Capital Management Inc lifted its position in Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the subject of several research reports. BMO Capital Markets raised their price objective on shares of Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods upgraded shares of Travelers Companies from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $261.05.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $258.09 on Monday. The company’s 50 day simple moving average is $244.74 and its 200 day simple moving average is $244.84. The stock has a market capitalization of $58.51 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 4.65 and a beta of 0.60. 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 Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm 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 revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.01 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.63%. Travelers Companies’s payout ratio is presently 19.56%.

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.