Alpha Windward LLC decreased its position in shares of Travelers Companies Inc (NYSE:TRV) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,768 shares of the insurance provider’s stock after selling 179 shares during the period. Alpha Windward LLC’s holdings in Travelers Companies were worth $212,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of TRV. Ipswich Investment Management Co. Inc. acquired a new stake in Travelers Companies during the fourth quarter worth about $66,000. Highwater Wealth Management LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $76,000. Legacy Financial Advisors Inc. grew its holdings in Travelers Companies by 276.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 731 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 537 shares during the period. ELM Advisors LLC acquired a new position in shares of Travelers Companies in the 3rd quarter valued at $130,000. Finally, Arlington Partners LLC acquired a new position in Travelers Companies in the 3rd quarter worth $159,000. Hedge funds and other institutional investors own 80.87% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Citigroup cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $149.00 to $134.00 in a report on Friday, October 19th. Credit Suisse Group reissued a “neutral” rating on shares of Travelers Companies in a research note on Wednesday, January 23rd. Wells Fargo & Co dropped their price target on shares of Travelers Companies from $142.00 to $136.00 and set a “market perform” rating for the company in a research note on Friday, October 19th. Zacks Investment Research cut shares of Travelers Companies from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, Compass Point assumed coverage on shares of Travelers Companies in a report on Tuesday, January 15th. They issued a “buy” rating and a $155.00 price target for the company. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $138.33.
Shares of Travelers Companies stock traded down $0.37 during trading on Monday, reaching $125.42. The company’s stock had a trading volume of 1,610,213 shares, compared to its average volume of 1,479,829. Travelers Companies Inc has a 52-week low of $111.08 and a 52-week high of $143.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.39 and a current ratio of 0.38. The stock has a market capitalization of $33.32 billion, a price-to-earnings ratio of 14.03, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.92 billion. During the same period in the prior year, the business earned $2.28 EPS. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Travelers Companies Inc will post 11.16 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, March 8th. Travelers Companies’s payout ratio is presently 34.45%.
In other Travelers Companies news, EVP Andy F. Bessette sold 1,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $126.17, for a total transaction of $210,199.22. Following the sale, the executive vice president now owns 8,457 shares in the company, valued at approximately $1,067,019.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 8,323 shares of the firm’s stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the sale, the insider now owns 239,744 shares in the company, valued at approximately $30,097,461.76. The disclosure for this sale can be found here. Company insiders own 0.80% of the company’s stock.
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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