Weaver Capital Management LLC Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Weaver Capital Management LLC reduced its stake in The Travelers Companies, Inc. (NYSE:TRV) by 6.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,911 shares of the insurance provider’s stock after selling 629 shares during the quarter. Weaver Capital Management LLC’s holdings in Travelers Companies were worth $2,146,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Czech National Bank lifted its stake in shares of Travelers Companies by 6.4% during the third quarter. Czech National Bank now owns 46,431 shares of the insurance provider’s stock worth $10,870,000 after buying an additional 2,795 shares during the period. GAMMA Investing LLC raised its stake in Travelers Companies by 27.0% in the 3rd quarter. GAMMA Investing LLC now owns 6,258 shares of the insurance provider’s stock worth $1,465,000 after acquiring an additional 1,332 shares during the last quarter. Miracle Mile Advisors LLC increased its holdings in shares of Travelers Companies by 1.1% in the third quarter. Miracle Mile Advisors LLC now owns 16,918 shares of the insurance provider’s stock valued at $3,961,000 after purchasing an additional 181 shares during the period. Bangor Savings Bank increased its holdings in Travelers Companies by 56.3% in the 3rd quarter. Bangor Savings Bank now owns 300 shares of the insurance provider’s stock worth $70,000 after buying an additional 108 shares during the period. Finally, Aprio Wealth Management LLC acquired a new stake in Travelers Companies during the 3rd quarter valued at approximately $228,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRV shares. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a research note on Wednesday, January 8th. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Roth Mkm boosted their price objective on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. BMO Capital Markets upped their target price on Travelers Companies from $275.00 to $297.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, UBS Group lifted their price target on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $260.47.

Travelers Companies Stock Down 0.1 %

TRV stock opened at $244.29 on Wednesday. The company has a market cap of $55.46 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 1.07 and a beta of 0.64. The firm has a 50-day moving average of $246.42 and a two-hundred day moving average of $238.89. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $7.01 earnings per share. As a group, analysts forecast that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed 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. This represents a $4.20 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is currently 19.56%.

Insiders Place Their Bets

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

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.