Bridgewealth Advisory Group LLC Invests $350,000 in The Travelers Companies, Inc. (NYSE:TRV)

Bridgewealth Advisory Group LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,439 shares of the insurance provider's stock, valued at approximately $350,000.

Several other large investors also recently added to or reduced their stakes in the business. YANKCOM Partnership bought a new stake in Travelers Companies during the fourth quarter worth approximately $27,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies during the 4th quarter worth about $30,000. Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth approximately $37,000. Asset Planning Inc bought a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $44,000. Finally, Quarry LP grew its stake in shares of Travelers Companies by 400.0% in the fourth quarter. Quarry LP now owns 190 shares of the insurance provider's stock worth $46,000 after acquiring an additional 152 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 2.3 %

NYSE TRV traded up $6.02 during trading on Friday, reaching $267.47. 1,269,953 shares of the stock traded hands, compared to its average volume of 1,287,978. The stock's 50-day moving average price is $256.18 and its 200 day moving average price is $251.26. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a market cap of $60.60 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.56.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the prior year, the company earned $4.69 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.65%. Travelers Companies's payout ratio is currently 23.95%.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRV shares. Piper Sandler raised shares of Travelers Companies from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $259.00 to $310.00 in a research report on Friday, January 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. StockNews.com upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, April 17th. Finally, HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $267.32.

Travelers Companies 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.