Howland Capital Management LLC Cuts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Howland Capital Management LLC trimmed its stake in The Travelers Companies, Inc. (NYSE:TRV) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,831 shares of the insurance provider’s stock after selling 467 shares during the quarter. Howland Capital Management LLC’s holdings in Travelers Companies were worth $441,000 as of its most recent filing with the SEC.

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 valued at $27,000. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies during the third quarter valued at about $41,000. Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the third quarter worth about $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRV. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Roth Mkm lifted their target price on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Bank of America increased their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $260.47.

Travelers Companies Price Performance

TRV opened at $245.13 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. 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 $244.82 and a 200-day moving average of $239.78. The company has a market capitalization of $55.65 billion, a P/E ratio of 11.42, a PEG ratio of 1.08 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for 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%. Travelers Companies’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.01 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 20.57 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is presently 19.56%.

Insider Buying and Selling at Travelers Companies

In other 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 value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is owned by insiders.

Travelers Companies Company 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.