Heritage Wealth Advisors Has $151,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Heritage Wealth Advisors reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 38.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 626 shares of the insurance provider’s stock after selling 396 shares during the period. Heritage Wealth Advisors’ holdings in Travelers Companies were worth $151,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TRV. Elevate Capital Advisors LLC bought a new stake in Travelers Companies in the fourth quarter worth approximately $4,627,000. Erste Asset Management GmbH boosted its stake in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after acquiring an additional 100 shares in the last quarter. Franklin Resources Inc. increased its stake in Travelers Companies by 39.5% in the third quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock valued at $32,646,000 after purchasing an additional 38,515 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Travelers Companies by 34.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Finally, Czech National Bank raised its stake in Travelers Companies by 6.0% during the 4th quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock worth $11,857,000 after buying an additional 2,792 shares during the period. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price objective (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a report on Wednesday, January 8th. Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods upgraded Travelers Companies from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $275.00 to $286.00 in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $260.00.

Travelers Companies Stock Up 0.0 %

Shares of Travelers Companies stock opened at $259.50 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 50-day moving average of $249.27 and a 200 day moving average of $247.54. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.56. The firm has a market cap of $58.84 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 4.65 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last issued 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 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%. Travelers Companies’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.01 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share 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. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is presently 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.