The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 22.0% in the fourth quarter, Holdings Channel reports. The firm owned 10,287 shares of the insurance provider’s stock after selling 2,896 shares during the period. Crossmark Global Holdings Inc.’s holdings in Travelers Companies were worth $2,478,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ballentine Partners LLC increased its position in Travelers Companies by 22.8% during the fourth quarter. Ballentine Partners LLC now owns 12,648 shares of the insurance provider’s stock worth $3,047,000 after buying an additional 2,345 shares during the last quarter. Pure Financial Advisors LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth about $200,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Travelers Companies by 106.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,163 shares of the insurance provider’s stock valued at $280,000 after acquiring an additional 601 shares during the last quarter. Wooster Corthell Wealth Management Inc. bought a new position in shares of Travelers Companies in the 4th quarter valued at approximately $593,000. Finally, Thrive Wealth Management LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $205,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV opened at $241.75 on Friday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a 50 day moving average of $248.61 and a 200-day moving average of $236.77. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29. The firm has a market cap of $54.88 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.05 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10,795,375 billion. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business’s revenue was up 9.9% on a year-over-year basis. During the same period last year, the firm posted $7.01 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is 21.54%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,670 shares of company stock valued at $4,861,329 in the last 90 days. 1.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a report on Thursday, November 21st. Finally, HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Tuesday, December 10th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $255.53.

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.