Garland Capital Management Inc. reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,835 shares of the insurance provider's stock after selling 1,880 shares during the quarter. Travelers Companies makes up 4.9% of Garland Capital Management Inc.'s portfolio, making the stock its 4th largest holding. Garland Capital Management Inc.'s holdings in Travelers Companies were worth $5,983,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TRV. YANKCOM Partnership acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $27,000. Generali Investments Management Co LLC bought a new stake in Travelers Companies in the fourth quarter valued at $37,000. True Wealth Design LLC acquired a new position in Travelers Companies during the third quarter worth $41,000. Asset Planning Inc bought a new position in shares of Travelers Companies during the fourth quarter valued at $44,000. Finally, Providence First Trust Co acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Stock Down 0.2 %
NYSE:TRV traded down $0.49 during trading hours on Tuesday, reaching $258.96. 251,838 shares of the stock were exchanged, compared to its average volume of 1,388,702. The firm has a 50 day moving average of $248.83 and a 200 day moving average of $247.37. 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 twelve month low of $200.21 and a twelve month high of $269.55. The stock has a market cap of $58.71 billion, a PE ratio of 12.06, a PEG ratio of 4.65 and a beta of 0.60.
Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates 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 was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.01 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.
Travelers Companies Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.56%.
Analyst Ratings Changes
Several brokerages recently issued reports on TRV. The Goldman Sachs Group raised shares of Travelers Companies from a "sell" rating to a "buy" rating and set a $278.00 price target for the company in a report on Wednesday, January 8th. StockNews.com downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Thursday, January 23rd. Royal Bank of Canada restated a "sector perform" rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Barclays lifted their price objective on Travelers Companies from $278.00 to $287.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Finally, HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $260.00.
Check Out Our Latest Analysis on Travelers Companies
About Travelers Companies
(
Free Report)
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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