Garland Capital Management Inc. decreased its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,715 shares of the insurance provider's stock after selling 3,300 shares during the period. Travelers Companies makes up 4.8% of Garland Capital Management Inc.'s portfolio, making the stock its 4th biggest position. Garland Capital Management Inc.'s holdings in Travelers Companies were worth $6,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also modified their holdings of the stock. Y.D. More Investments Ltd bought a new position in Travelers Companies during the 2nd quarter valued at $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies in the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its holdings in Travelers Companies by 74.2% in the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after purchasing an additional 66 shares during the period. Wolff Wiese Magana LLC lifted its stake in shares of Travelers Companies by 39.1% in the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider's stock worth $37,000 after acquiring an additional 45 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Travelers Companies in the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 82.45% of the company's stock.
Insiders Place Their Bets
In related news, Vice Chairman William H. Heyman sold 2,014 shares of the business's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $260.00, for a total value of $523,640.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $65,099,840. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,014 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $260.00, for a total transaction of $523,640.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company's stock, valued at approximately $65,099,840. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,000 shares of the firm's stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $260.55, for a total transaction of $781,650.00. Following the completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at $65,237,551.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,999 shares of company stock valued at $16,580,166 in the last 90 days. 1.33% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on TRV. The Goldman Sachs Group increased their price target on Travelers Companies from $216.00 to $245.00 and gave the company a "sell" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $220.00 to $242.00 and gave the stock an "underweight" rating in a research report on Thursday, July 11th. Wells Fargo & Company upped their target price on Travelers Companies from $207.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Jefferies Financial Group upped their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Finally, StockNews.com raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Thursday, October 31st. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $247.90.
Read Our Latest Research Report on Travelers Companies
Travelers Companies Stock Performance
TRV traded up $2.03 during midday trading on Tuesday, reaching $244.84. The company's stock had a trading volume of 936,595 shares, compared to its average volume of 1,306,361. The Travelers Companies, Inc. has a twelve month low of $167.08 and a twelve month high of $269.55. The stock has a market cap of $55.58 billion, a P/E ratio of 12.49, a PEG ratio of 1.18 and a beta of 0.62. The company has a fifty day simple moving average of $239.59 and a 200 day simple moving average of $221.83. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The insurance provider reported $5.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to the consensus estimate of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The business's revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 EPS. Research analysts expect that The Travelers Companies, Inc. will post 18.53 earnings per share for the current year.
Travelers Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, December 10th. This represents a $4.20 annualized dividend and a yield of 1.72%. Travelers Companies's dividend payout ratio (DPR) is 21.54%.
About Travelers Companies
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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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