Parallel Advisors LLC decreased its position in shares of Travelers Companies Inc (NYSE:TRV) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,008 shares of the insurance provider’s stock after selling 153 shares during the period. Parallel Advisors LLC’s holdings in Travelers Companies were worth $719,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Carnick & Kubik Group LLC lifted its stake in shares of Travelers Companies by 7.4% during the 3rd quarter. Carnick & Kubik Group LLC now owns 8,942 shares of the insurance provider’s stock valued at $1,160,000 after buying an additional 617 shares in the last quarter. Rossmore Private Capital increased its holdings in Travelers Companies by 45.9% in the 3rd quarter. Rossmore Private Capital now owns 7,061 shares of the insurance provider’s stock valued at $916,000 after acquiring an additional 2,221 shares during the last quarter. MinichMacGregor Wealth Management LLC increased its holdings in Travelers Companies by 2,427.3% in the 4th quarter. MinichMacGregor Wealth Management LLC now owns 11,575 shares of the insurance provider’s stock valued at $1,418,000 after acquiring an additional 11,117 shares during the last quarter. Nachman Norwood & Parrott Inc bought a new stake in Travelers Companies in the 4th quarter valued at $300,000. Finally, Lodestar Investment Counsel LLC IL increased its holdings in Travelers Companies by 1.9% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 70,121 shares of the insurance provider’s stock valued at $8,397,000 after acquiring an additional 1,275 shares during the last quarter. Institutional investors own 80.87% of the company’s stock.
In other news, Vice Chairman William H. Heyman sold 8,323 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 239,744 shares in the company, valued at approximately $30,097,461.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.
Travelers Companies (NYSE:TRV) last posted its earnings results on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The firm had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the previous year, the firm posted $2.28 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that Travelers Companies Inc will post 11.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Monday, March 11th will be issued a $0.77 dividend. The ex-dividend date is Friday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.42%. Travelers Companies’s dividend payout ratio (DPR) is presently 34.45%.
A number of analysts have issued reports on TRV shares. Wells Fargo & Co reiterated a “hold” rating and issued a $142.00 price target on shares of Travelers Companies in a report on Thursday, October 18th. Citigroup downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $149.00 to $134.00 in a report on Friday, October 19th. Credit Suisse Group set a $141.00 price target on shares of Travelers Companies and gave the company a “hold” rating in a report on Wednesday, November 14th. Royal Bank of Canada downgraded shares of 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, Zacks Investment Research reiterated a “sell” rating on shares of Travelers Companies in a report on Monday, December 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $138.33.
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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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