EverSource Wealth Advisors LLC Purchases 47 Shares of The Travelers Companies, Inc. (NYSE:TRV)

EverSource Wealth Advisors LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 717 shares of the insurance provider’s stock after acquiring an additional 47 shares during the period. EverSource Wealth Advisors LLC’s holdings in Travelers Companies were worth $173,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. YANKCOM Partnership bought a new position in Travelers Companies during the 4th quarter worth $27,000. True Wealth Design LLC bought a new position in Travelers Companies during the 3rd quarter worth $41,000. Asset Planning Inc bought a new position in Travelers Companies during the 4th quarter worth $44,000. Providence First Trust Co bought a new position in Travelers Companies during the 4th quarter worth $48,000. Finally, Versant Capital Management Inc raised its position in Travelers Companies by 581.1% during the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

TRV stock opened at $261.26 on Monday. The company has a market capitalization of $59.23 billion, a P/E ratio of 12.17, 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 quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.56. The business has a 50-day simple moving average of $246.26 and a two-hundred day simple moving average of $246.03.

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

Travelers Companies Dividend Announcement

The business also recently declared 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 is Monday, March 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.61%. Travelers Companies’s dividend payout ratio (DPR) is currently 19.56%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. Piper Sandler upgraded Travelers Companies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $259.00 to $310.00 in a report on Friday, January 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. BMO Capital Markets increased their price target on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $261.05.

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.