Crestwood Advisors Group LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 145,972 shares of the insurance provider’s stock after selling 1,923 shares during the quarter. Crestwood Advisors Group LLC’s holdings in The Travelers Companies were worth $20,490,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Venture Visionary Partners LLC purchased a new position in shares of The Travelers Companies in the 4th quarter valued at $650,000. Daiwa Securities Group Inc. boosted its position in shares of The Travelers Companies by 3.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 64,777 shares of the insurance provider’s stock worth $9,093,000 after buying an additional 2,424 shares during the period. Telos Capital Management Inc. grew its stake in shares of The Travelers Companies by 2.9% in the fourth quarter. Telos Capital Management Inc. now owns 45,005 shares of the insurance provider’s stock valued at $6,317,000 after buying an additional 1,251 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of The Travelers Companies during the 3rd quarter valued at about $1,267,000. Finally, Usca Ria LLC boosted its holdings in The Travelers Companies by 8.9% in the 4th quarter. Usca Ria LLC now owns 47,139 shares of the insurance provider’s stock worth $6,617,000 after acquiring an additional 3,849 shares during the period. 81.82% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Michael Frederick Klein sold 23,230 shares of The Travelers Companies stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $146.25, for a total value of $3,397,387.50. Also, CEO Alan D. Schnitzer sold 53,246 shares of the business’s stock in a transaction that occurred on Monday, January 25th. The stock was sold at an average price of $146.10, for a total transaction of $7,779,240.60. Following the completion of the sale, the chief executive officer now owns 211,637 shares in the company, valued at $30,920,165.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,476 shares of company stock worth $11,761,628. 0.80% of the stock is owned by corporate insiders.
TRV has been the subject of several analyst reports. Credit Suisse Group upped their target price on shares of The Travelers Companies from $127.00 to $142.00 and gave the company a “neutral” rating in a research note on Tuesday, February 2nd. Zacks Investment Research raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $155.00 price target for the company in a report on Monday, January 25th. Argus lifted their price objective on The Travelers Companies from $138.00 to $156.00 and gave the stock a “buy” rating in a report on Monday, January 25th. Royal Bank of Canada raised their price target on shares of The Travelers Companies from $122.00 to $156.00 and gave the stock a “sector perform” rating in a research report on Friday, January 22nd. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. increased their price objective on shares of The Travelers Companies from $129.00 to $136.00 and gave the company an “underweight” rating in a research note on Monday, January 4th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $136.44.
The Travelers Companies stock traded up $1.63 during mid-day trading on Tuesday, hitting $149.50. 14,727 shares of the company’s stock traded hands, compared to its average volume of 1,369,656. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.25. The Travelers Companies, Inc. has a one year low of $76.99 and a one year high of $152.29. The firm has a 50 day moving average price of $142.79 and a 200 day moving average price of $128.25. The company has a market cap of $37.71 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.77.
The Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, January 20th. The insurance provider reported $4.91 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $1.73. The business had revenue of $8.35 billion for the quarter, compared to analysts’ expectations of $8.08 billion. The Travelers Companies had a net margin of 7.13% and a return on equity of 8.63%. During the same period in the previous year, the business earned $3.32 earnings per share. On average, analysts expect that The Travelers Companies, Inc. will post 8.54 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Investors of record on Wednesday, March 10th will be paid a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.27%. The Travelers Companies’s dividend payout ratio is presently 35.42%.
The 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.
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