The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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.

A number of other large investors also recently modified their holdings of the business. State Street Corp raised its stake in Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after acquiring an additional 120,228 shares during the period. FMR LLC raised its position in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock worth $1,187,865,000 after purchasing an additional 114,714 shares during the last quarter. Legal & General Group Plc boosted its position in Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Travelers Companies by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after buying an additional 10,285 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Barclays reduced their price target on shares of Travelers Companies from $295.00 to $278.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Hsbc Global Res raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Jefferies Financial Group upped their target price on shares of 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 cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Finally, Roth Mkm increased their price objective on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $255.53.

Travelers Companies Stock Performance

TRV opened at $241.75 on Friday. The business has a fifty day simple moving average of $248.61 and a 200-day simple moving average of $236.77. The firm has a market cap of $54.88 billion, a PE ratio of 12.40, a P/E/G ratio of 1.05 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55.

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

Travelers Companies Announces Dividend

The company 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 $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 21.54%.

Insider Buying and Selling

In other Travelers Companies news, EVP Maria Olivo sold 10,410 shares of Travelers Companies 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 transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was 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 of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,670 shares of company stock valued at $4,861,329. Company insiders own 1.33% of the company’s stock.

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.