Concord Asset Management LLC VA Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Concord Asset Management LLC VA reduced its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,934 shares of the insurance provider’s stock after selling 372 shares during the period. Concord Asset Management LLC VA’s holdings in Travelers Companies were worth $1,670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TRV. Ledyard National Bank raised its holdings in Travelers Companies by 1.9% in the 3rd quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after purchasing an additional 39 shares during the period. Trueblood Wealth Management LLC raised its stake in shares of Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock worth $423,000 after buying an additional 41 shares during the period. Cornell Pochily Investment Advisors Inc. lifted its position in shares of Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock valued at $351,000 after buying an additional 42 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Travelers Companies by 5.1% during the 4th quarter. Salem Investment Counselors Inc. now owns 905 shares of the insurance provider’s stock valued at $218,000 after acquiring an additional 44 shares during the period. Finally, Willner & Heller LLC grew its stake in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock valued at $268,000 after acquiring an additional 45 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE:TRV opened at $245.31 on Friday. The firm has a market capitalization of $55.69 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.09 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The business has a 50 day simple moving average of $246.75 and a 200-day simple moving average of $238.45. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $7.01 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Janney Montgomery Scott cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research note on Thursday, November 21st. The Goldman Sachs Group upgraded Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target for the company in a research note on Wednesday, January 8th. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Bank of America increased their target price on Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $260.47.

Insider Buying and Selling at Travelers Companies

In related 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 owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $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. Company insiders own 1.33% of the company’s stock.

About Travelers Companies

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.