Stonehaven Wealth & Tax Solutions LLC Takes $316,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Stonehaven Wealth & Tax Solutions LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,310 shares of the insurance provider’s stock, valued at approximately $316,000.

Several other hedge funds also recently modified their holdings of the business. YANKCOM Partnership acquired a new stake in Travelers Companies during the 4th quarter worth $27,000. Generali Investments Management Co LLC acquired a new position in Travelers Companies in the fourth quarter valued at about $37,000. Asset Planning Inc bought a new position in Travelers Companies during the fourth quarter worth about $44,000. Providence First Trust Co acquired a new position in shares of Travelers Companies during the 4th quarter worth about $48,000. Finally, IMG Wealth Management Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $55,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $249.52 on Wednesday. The company has a market cap of $56.57 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.48. The firm has a 50-day moving average of $251.72 and a 200-day moving average of $249.04. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the prior year, the company earned $7.01 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a report on Wednesday, January 8th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays decreased their price objective on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Finally, Wells Fargo & Company upgraded shares of Travelers Companies from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $225.00 to $247.00 in a report on Wednesday, April 9th. Three research 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. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $263.37.

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.