Sound View Wealth Advisors Group LLC Has $699,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Sound View Wealth Advisors Group LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,900 shares of the insurance provider’s stock after buying an additional 100 shares during the quarter. Sound View Wealth Advisors Group LLC’s holdings in Travelers Companies were worth $699,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Travelers Companies by 0.8% during the 3rd quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after buying an additional 120,228 shares in the last quarter. FMR LLC lifted its stake in shares of Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Geode Capital Management LLC lifted its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Travelers Companies by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,522,769 shares of the insurance provider’s stock valued at $366,820,000 after purchasing an additional 26,117 shares during the period. Finally, Bahl & Gaynor Inc. lifted its stake in shares of Travelers Companies by 4.5% in the 4th quarter. Bahl & Gaynor Inc. now owns 1,189,236 shares of the insurance provider’s stock valued at $286,475,000 after purchasing an additional 51,589 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TRV shares. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research note on Wednesday, January 8th. Janney Montgomery Scott downgraded Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Thursday, November 21st. Barclays increased their price target on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Piper Sandler raised Travelers Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $259.00 to $310.00 in a research note on Friday, January 24th. Finally, HSBC raised Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $261.05.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $258.09 on Monday. The stock has a market capitalization of $58.51 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 4.65 and a beta of 0.60. The business has a 50-day moving average of $244.74 and a 200-day moving average of $244.84. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the company earned $7.01 EPS. As a group, sell-side analysts predict 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 disclosed 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 1.63%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 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.