Crossmark Global Holdings Inc. Cuts Stock Position in Travelers Companies Inc (NYSE:TRV)

Crossmark Global Holdings Inc. lowered its position in Travelers Companies Inc (NYSE:TRV) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,066 shares of the insurance provider’s stock after selling 429 shares during the period. Crossmark Global Holdings Inc.’s holdings in Travelers Companies were worth $3,570,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TRV. Zeke Capital Advisors LLC boosted its stake in Travelers Companies by 1.5% in the 3rd quarter. Zeke Capital Advisors LLC now owns 5,172 shares of the insurance provider’s stock worth $769,000 after purchasing an additional 76 shares in the last quarter. Breiter Capital Management Inc. boosted its stake in Travelers Companies by 1.0% in the 3rd quarter. Breiter Capital Management Inc. now owns 7,747 shares of the insurance provider’s stock worth $1,152,000 after purchasing an additional 77 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Travelers Companies by 0.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 26,196 shares of the insurance provider’s stock worth $3,917,000 after purchasing an additional 78 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Travelers Companies by 36.6% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 295 shares of the insurance provider’s stock worth $40,000 after purchasing an additional 79 shares in the last quarter. Finally, Flagship Harbor Advisors LLC boosted its stake in Travelers Companies by 4.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 1,977 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 80 shares in the last quarter. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE TRV opened at $137.76 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.38 and a debt-to-equity ratio of 0.25. Travelers Companies Inc has a 12 month low of $127.86 and a 12 month high of $155.09. The company has a 50 day simple moving average of $136.32 and a two-hundred day simple moving average of $139.92. The stock has a market cap of $35.56 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 1.54 and a beta of 0.90.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, January 23rd. The insurance provider reported $3.32 EPS for the quarter, beating the consensus estimate of $3.23 by $0.09. Travelers Companies had a net margin of 8.30% and a return on equity of 10.03%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.26 billion. During the same period in the previous year, the business posted $2.13 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts forecast that Travelers Companies Inc will post 10.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a yield of 2.38%. The ex-dividend date is Monday, March 9th. Travelers Companies’s payout ratio is 34.17%.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,185 shares of Travelers Companies stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $136.20, for a total transaction of $297,597.00. Following the completion of the sale, the insider now directly owns 241,930 shares in the company, valued at approximately $32,950,866. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

A number of analysts recently commented on TRV shares. Deutsche Bank upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating and set a $140.00 target price for the company in a research note on Tuesday, October 22nd. MKM Partners upgraded shares of Travelers Companies from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $130.00 to $160.00 in a research note on Monday, October 28th. Morgan Stanley decreased their price objective on shares of Travelers Companies from $136.00 to $125.00 and set an “underweight” rating for the company in a research note on Wednesday, October 23rd. Citigroup decreased their price objective on shares of Travelers Companies from $146.00 to $142.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Buckingham Research decreased their price objective on shares of Travelers Companies from $158.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $144.86.

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.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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