HM Payson & Co. trimmed its position in Travelers Companies Inc (NYSE:TRV) by 1.8% during the 4th quarter, Holdings Channel reports. The firm owned 42,126 shares of the insurance provider’s stock after selling 758 shares during the period. HM Payson & Co.’s holdings in Travelers Companies were worth $5,714,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Travelers Companies by 40.1% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 17,809 shares of the insurance provider’s stock valued at $2,416,000 after purchasing an additional 5,100 shares during the last quarter. Slow Capital Inc. acquired a new position in Travelers Companies in the 4th quarter valued at about $2,291,000. Wealthsource Partners LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $203,000. Canyon Capital Advisors LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $10,056,000. Finally, Lake Street Advisors Group LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $279,000. Institutional investors own 80.11% of the company’s stock.
In related news, CFO Jay S. Benet sold 4,437 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $141.03, for a total transaction of $625,750.11. Following the sale, the chief financial officer now directly owns 89,737 shares of the company’s stock, valued at approximately $12,655,609.11. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas M. Kunkel sold 9,595 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $150.09, for a total transaction of $1,440,113.55. Following the sale, the executive vice president now directly owns 28,956 shares in the company, valued at $4,346,006.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 187,164 shares of company stock worth $27,453,916. 0.82% of the stock is owned by insiders.
TRV has been the topic of several recent analyst reports. Goldman Sachs initiated coverage on shares of Travelers Companies in a report on Monday, December 4th. They issued a “sell” rating and a $124.00 target price on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $152.00 price target on shares of Travelers Companies in a research note on Wednesday, December 6th. Royal Bank of Canada reissued a “buy” rating and issued a $148.00 price target on shares of Travelers Companies in a research note on Friday, December 8th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $148.00 price target on the stock in a research note on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $137.20.
Shares of TRV stock opened at $141.48 on Wednesday. Travelers Companies Inc has a 52 week low of $113.76 and a 52 week high of $150.55. The firm has a market cap of $38,005.35, a P/E ratio of 19.35, a P/E/G ratio of 1.87 and a beta of 1.29. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.28.
Travelers Companies (NYSE:TRV) last announced its earnings results on Tuesday, January 23rd. The insurance provider reported $2.28 earnings per share for the quarter, missing the consensus estimate of $2.56 by ($0.28). Travelers Companies had a return on equity of 8.61% and a net margin of 7.13%. The business had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the company earned $3.20 earnings per share. Travelers Companies’s quarterly revenue was up 3.6% on a year-over-year basis. analysts predict that Travelers Companies Inc will post 10.59 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Friday, March 9th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, March 8th. Travelers Companies’s payout ratio is currently 39.40%.
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About Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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