Confluence Wealth Services Inc. Buys 144 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Confluence Wealth Services Inc. increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,038 shares of the insurance provider’s stock after purchasing an additional 144 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Travelers Companies were worth $251,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRV. Czech National Bank grew its position in Travelers Companies by 6.4% in the 3rd quarter. Czech National Bank now owns 46,431 shares of the insurance provider’s stock valued at $10,870,000 after purchasing an additional 2,795 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in Travelers Companies by 3.3% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 5,657 shares of the insurance provider’s stock worth $1,324,000 after acquiring an additional 180 shares during the last quarter. Atomi Financial Group Inc. boosted its holdings in Travelers Companies by 25.4% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,442 shares of the insurance provider’s stock worth $572,000 after acquiring an additional 495 shares during the last quarter. Brookstone Capital Management boosted its holdings in Travelers Companies by 8.9% during the 3rd quarter. Brookstone Capital Management now owns 1,438 shares of the insurance provider’s stock worth $337,000 after acquiring an additional 117 shares during the last quarter. Finally, Wedmont Private Capital boosted its holdings in Travelers Companies by 15.1% during the 3rd quarter. Wedmont Private Capital now owns 2,425 shares of the insurance provider’s stock worth $548,000 after acquiring an additional 319 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $247.48 on Friday. The company has a market capitalization of $56.18 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.07 and a beta of 0.64. The business’s 50 day moving average is $245.62 and its two-hundred day moving average is $239.23. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. During the same quarter in the previous year, the business earned $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TRV shares. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Bank of America boosted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group raised shares of 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. Finally, UBS Group boosted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $260.47.

Insider Activity

In related news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares in the company, valued at $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

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.