Hartford Investment Management Co. Sells 408 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Hartford Investment Management Co. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 14,059 shares of the insurance provider’s stock after selling 408 shares during the quarter. Hartford Investment Management Co.’s holdings in Travelers Companies were worth $3,387,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Quent Capital LLC lifted its holdings in Travelers Companies by 3.3% in the 4th quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after purchasing an additional 43 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $161,000. Essex Financial Services Inc. lifted its holdings in Travelers Companies by 14.9% in the 4th quarter. Essex Financial Services Inc. now owns 7,414 shares of the insurance provider’s stock worth $1,786,000 after purchasing an additional 964 shares in the last quarter. Elevate Capital Advisors LLC purchased a new position in Travelers Companies in the 4th quarter worth approximately $4,627,000. Finally, Savant Capital LLC lifted its holdings in Travelers Companies by 0.8% in the 4th quarter. Savant Capital LLC now owns 12,211 shares of the insurance provider’s stock worth $2,941,000 after purchasing an additional 97 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction 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 transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the transaction, the executive vice president now directly owns 111,162 shares in the company, valued at $29,102,211.60. The trade was a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $240.69 on Thursday. The stock’s fifty day moving average is $244.04 and its two-hundred day moving average is $240.44. The company has a market capitalization of $54.64 billion, a PE ratio of 11.21, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $269.55.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.01 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current 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 given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Analysts Set New Price Targets

A number of research analysts recently commented on TRV shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $268.00 price target (down from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a report on Monday, January 27th. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective on the stock in a report on Wednesday, January 8th. Janney Montgomery Scott cut Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective on the stock. in a report on Thursday, November 21st. Finally, Barclays upped their price objective on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $260.47.

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.