Boston Partners lowered its position in Travelers Companies Inc (NYSE:TRV) by 0.5% in the fourth quarter, Holdings Channel reports. The fund owned 2,118,062 shares of the insurance provider’s stock after selling 10,118 shares during the quarter. Boston Partners’ holdings in Travelers Companies were worth $253,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently made changes to their positions in the business. New Potomac Partners LLC lifted its stake in Travelers Companies by 0.6% in the fourth quarter. New Potomac Partners LLC now owns 16,450 shares of the insurance provider’s stock valued at $1,970,000 after acquiring an additional 90 shares during the last quarter. Savant Capital LLC lifted its stake in Travelers Companies by 1.5% in the fourth quarter. Savant Capital LLC now owns 6,194 shares of the insurance provider’s stock valued at $742,000 after acquiring an additional 91 shares during the last quarter. Ledyard National Bank lifted its stake in shares of Travelers Companies by 3.0% during the 4th quarter. Ledyard National Bank now owns 3,531 shares of the insurance provider’s stock worth $423,000 after buying an additional 103 shares during the last quarter. Central Bank & Trust Co. lifted its stake in shares of Travelers Companies by 3.7% during the 3rd quarter. Central Bank & Trust Co. now owns 2,911 shares of the insurance provider’s stock worth $378,000 after buying an additional 105 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. lifted its stake in shares of Travelers Companies by 1.1% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 9,565 shares of the insurance provider’s stock worth $1,167,000 after buying an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 80.87% of the company’s stock.
In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 23,405 shares of Travelers Companies stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $128.52, for a total value of $3,008,010.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 8,323 shares of Travelers Companies stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $125.54, for a total transaction of $1,044,869.42. Following the completion of the sale, the insider now owns 239,744 shares of the company’s stock, valued at approximately $30,097,461.76. The disclosure for this sale can be found here. 0.80% of the stock is owned by insiders.
Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Tuesday, January 22nd. The insurance provider reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.15. Travelers Companies had a net margin of 8.32% and a return on equity of 10.69%. The business had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the company earned $2.28 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, equities research analysts expect that Travelers Companies Inc will post 11.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 11th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, March 8th. Travelers Companies’s dividend payout ratio (DPR) is 34.45%.
TRV has been the subject of a number of research reports. Credit Suisse Group set a $141.00 target price on shares of Travelers Companies and gave the stock a “hold” rating in a research note on Wednesday, November 14th. Royal Bank of Canada cut shares of Travelers Companies from an “outperform” rating to a “sector perform” rating and set a $133.00 target price for the company. in a research note on Tuesday, December 11th. Zacks Investment Research restated a “sell” rating on shares of Travelers Companies in a research note on Monday, December 31st. Morgan Stanley cut their target price on shares of Travelers Companies from $126.00 to $119.00 and set an “underweight” rating for the company in a research note on Thursday, January 3rd. Finally, Barclays upgraded shares of Travelers Companies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $135.00 to $145.00 in a research note on Wednesday, January 9th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $138.33.
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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.
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