Boys Arnold & Co. Inc. decreased its holdings in Travelers Companies Inc (NYSE:TRV) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,762 shares of the insurance provider’s stock after selling 400 shares during the period. Boys Arnold & Co. Inc.’s holdings in Travelers Companies were worth $1,154,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. First Command Bank increased its stake in shares of Travelers Companies by 108.5% in the fourth quarter. First Command Bank now owns 467 shares of the insurance provider’s stock valued at $56,000 after buying an additional 243 shares in the last quarter. First Command Financial Services Inc. increased its stake in shares of Travelers Companies by 108.5% in the fourth quarter. First Command Financial Services Inc. now owns 467 shares of the insurance provider’s stock valued at $56,000 after buying an additional 243 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $66,000. Tributary Capital Management LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $69,000. Finally, Highwater Wealth Management LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at $76,000. Institutional investors own 80.87% of the company’s stock.
A number of brokerages have recently weighed in on TRV. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Wells Fargo & Co set a $130.00 target price on Travelers Companies and gave the company a “hold” rating in a research note on Wednesday, January 23rd. Credit Suisse Group reiterated a “hold” rating and issued a $141.00 price target on shares of Travelers Companies in a report on Thursday, December 20th. Royal Bank of Canada cut Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 price target on the stock. in a report on Tuesday, December 11th. Finally, Barclays upgraded Travelers Companies from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $135.00 to $145.00 in a report on Wednesday, January 9th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $138.33.
In related news, EVP Andy F. Bessette sold 1,666 shares of the business’s stock in a transaction on Wednesday, November 14th. The stock was sold at an average price of $126.17, for a total value of $210,199.22. Following the completion of the sale, the executive vice president now directly owns 8,457 shares in the company, valued at approximately $1,067,019.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 8,323 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $125.54, for a total value of $1,044,869.42. Following the completion of the sale, the insider now owns 239,744 shares of the company’s stock, valued at $30,097,461.76. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
Shares of TRV opened at $125.79 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. Travelers Companies Inc has a 1 year low of $111.08 and a 1 year high of $143.41. The stock has a market cap of $33.32 billion, a price-to-earnings ratio of 14.07, a P/E/G ratio of 0.89 and a beta of 1.05.
Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.15. Travelers Companies had a return on equity of 10.69% and a net margin of 8.32%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.92 billion. During the same quarter last year, the firm posted $2.28 earnings per share. Travelers Companies’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Travelers Companies Inc will post 11.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 11th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
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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.
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